Key Points
- Insider buying: Nutrien insider Mark Thompson bought 262 shares for C$25,013.14 at C$95.47 per share, increasing his direct ownership to 36,277 shares.
- Stock performance: Nutrien shares opened at C$96.07 and were up 1.1%, trading near their 200-day moving average but below the 50-day average.
- Analyst view and fundamentals: The stock currently carries an average analyst rating of Moderate Buy with a C$80.00 price target, while the company recently reported C$0.71 EPS on C$8.41 billion in revenue for the quarter.
Nutrien Ltd. (TSE:NTR - Get Free Report) insider Mark Thompson purchased 262 shares of the company's stock in a transaction dated Wednesday, May 27th. The shares were acquired at an average price of C$95.47 per share, for a total transaction of C$25,013.14. Following the purchase, the insider directly owned 36,277 shares in the company, valued at approximately C$3,463,365.19. The trade was a 0.73% increase in their ownership of the stock.
Nutrien Trading Up 1.1%
Shares of Nutrien stock opened at C$96.07 on Friday. The company's fifty day simple moving average is C$100.58 and its 200-day simple moving average is C$94.28. The stock has a market capitalization of C$46.12 billion, a PE ratio of 19.57, a P/E/G ratio of 1.15 and a beta of 1.12. Nutrien Ltd. has a 1-year low of C$74.77 and a 1-year high of C$116.95. The company has a debt-to-equity ratio of 55.44, a current ratio of 1.24 and a quick ratio of 0.65.
Nutrien (TSE:NTR - Get Free Report) last issued its quarterly earnings results on Wednesday, May 6th. The company reported C$0.71 earnings per share for the quarter. The business had revenue of C$8.41 billion for the quarter. Nutrien had a net margin of 8.61% and a return on equity of 9.49%. As a group, equities analysts anticipate that Nutrien Ltd. will post 5.3416399 earnings per share for the current year.
Analyst Ratings Changes
Several research analysts have recently commented on the company. UBS Group downgraded Nutrien from a "hold" rating to a "strong sell" rating in a research note on Thursday, March 26th. BNP Paribas Exane downgraded Nutrien from a "strong-buy" rating to a "hold" rating in a research note on Monday, February 23rd. Wells Fargo & Company raised Nutrien from a "hold" rating to a "strong-buy" rating in a research note on Friday, March 13th. TD Securities raised their price objective on Nutrien from C$72.00 to C$80.00 and gave the stock a "buy" rating in a research note on Wednesday, February 18th. Finally, Raymond James Financial raised Nutrien from a "hold" rating to a "moderate buy" rating in a research note on Tuesday, May 5th. Three research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of C$80.00.
Check Out Our Latest Stock Report on Nutrien
Nutrien Company Profile
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Nutrien is a leading global provider of crop inputs and services. We operate a world-class network of production, distribution and ag retail facilities that positions us to efficiently serve the needs of growers. We focus on creating long-term value by prioritizing investments that strengthen the advantages of our business across the ag value chain and by maintaining access to the resources and the relationships with stakeholders needed to achieve our goals.
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