Nutrien (TSE:NTR) Cut to Hold at Scotiabank

Nutrien (TSE:NTR) was downgraded by Scotiabank from a “strong-buy” rating to a “hold” rating in a research report issued on Wednesday,Zacks.com reports.

Several other equities research analysts also recently weighed in on the company. The Goldman Sachs Group raised Nutrien to a “strong sell” rating in a report on Thursday, March 13th. BNP Paribas upgraded shares of Nutrien to a “strong-buy” rating in a research note on Wednesday, April 9th. Finally, Barclays downgraded shares of Nutrien from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 21st. One analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold”.

Nutrien Stock Up 0.7%

Shares of NTR stock opened at C$80.21 on Wednesday. The stock’s fifty day moving average price is C$73.83 and its 200 day moving average price is C$71.20. Nutrien has a 1-year low of C$60.74 and a 1-year high of C$83.14. The company has a market cap of C$27.61 billion, a price-to-earnings ratio of 37.77, a price-to-earnings-growth ratio of 1.15 and a beta of 0.95. The company has a debt-to-equity ratio of 59.10, a current ratio of 1.27 and a quick ratio of 0.65.

Insider Activity

In other Nutrien news, Director Michael Jeremiah Hennigan acquired 5,000 shares of the business’s stock in a transaction dated Monday, February 24th. The shares were purchased at an average price of C$73.98 per share, for a total transaction of C$369,910.00. Also, Director Julie Lagacy bought 2,000 shares of Nutrien stock in a transaction that occurred on Tuesday, March 11th. The shares were acquired at an average cost of C$73.28 per share, with a total value of C$146,563.20. Over the last three months, insiders have bought 9,470 shares of company stock valued at $695,156. Company insiders own 0.03% of the company’s stock.

About Nutrien

Nutrien is the world’s largest fertilizer producer by capacity. Nutrien produces the three main crop nutrientsnitrogen, potash, and phosphatealthough its main focus is potash, where it is the global leader in installed capacity with roughly 20% share. The company is also the largest agricultural retailer in the United States, selling fertilizers, crop chemicals, seeds, and services directly to farm customers through its brick-and-mortar stores and online platforms.