Nutrien (TSE:NTR – Get Free Report) was downgraded by investment analysts at Jefferies Financial Group from a “buy” rating to a “hold” rating in a report issued on Thursday,BayStreet.CA reports. They currently have a C$63.00 price target on the stock, down from their previous price target of C$96.00. Jefferies Financial Group’s price objective indicates a potential downside of 33.01% from the company’s previous close.
Other equities research analysts also recently issued reports about the stock. UBS Group downgraded shares of Nutrien from a “hold” rating to a “strong sell” rating in a research note on Thursday, March 26th. Scotiabank raised shares of Nutrien from a “hold” rating to a “sector outperform” rating and set a C$80.00 price target on the stock in a report on Tuesday, June 30th. Barclays upgraded shares of Nutrien from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 27th. Raymond James Financial raised shares of Nutrien from a “hold” rating to a “moderate buy” rating in a report on Tuesday, May 5th. Finally, Berenberg Bank lowered shares of Nutrien from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, June 10th. Three research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Nutrien presently has an average rating of “Moderate Buy” and an average price target of C$74.33.
Nutrien Price Performance
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 (EPS) for the quarter. Nutrien had a return on equity of 9.49% and a net margin of 8.61%.The firm had revenue of C$8.41 billion during the quarter. Analysts expect that Nutrien will post 5.3416399 EPS for the current fiscal year.
Insider Buying and Selling
In other news, insider Noralee Bradley bought 1,000 shares of the business’s stock in a transaction dated Friday, May 8th. The shares were purchased at an average price of C$93.42 per share, for a total transaction of C$93,420.00. Following the completion of the acquisition, the insider owned 5,855 shares of the company’s stock, valued at approximately C$546,974.10. This trade represents a 20.60% increase in their ownership of the stock. Also, insider Christopher Reynolds purchased 2,400 shares of the stock in a transaction that occurred on Friday, May 8th. The shares were purchased at an average price of C$95.19 per share, with a total value of C$228,456.00. Following the completion of the acquisition, the insider directly owned 10,585 shares in the company, valued at C$1,007,586.15. The trade was a 29.32% increase in their ownership of the stock. Insiders acquired 8,141 shares of company stock valued at $766,436 over the last quarter. Company insiders own 0.03% of the company’s stock.
Nutrien Company Profile
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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