Scotiabank upgraded shares of Nutrien (TSE:NTR – Free Report) from a hold rating to a strong-buy rating in a research note published on Tuesday morning,Zacks.com reports.
A number of other equities analysts have also issued reports on NTR. Wells Fargo & Company raised Nutrien from a “hold” rating to a “strong-buy” rating in a report on Friday, March 13th. Barclays raised shares of Nutrien from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 27th. Raymond James Financial raised Nutrien from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, May 5th. Berenberg Bank cut shares of Nutrien from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, June 10th. Finally, UBS Group downgraded Nutrien from a “hold” rating to a “strong sell” rating in a research report on Thursday, March 26th. Four research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Nutrien currently has a consensus rating of “Moderate Buy” and a consensus price target of C$80.00.
Get Our Latest Analysis on NTR
Nutrien Stock Up 2.7%
Nutrien (TSE:NTR – Get Free Report) last issued its earnings results on Wednesday, May 6th. The company reported C$0.71 earnings per share (EPS) for the quarter. The business had revenue of C$8.41 billion during the quarter. Nutrien had a net margin of 8.61% and a return on equity of 9.49%. On average, analysts forecast that Nutrien will post 5.3416399 earnings per share for the current fiscal year.
Nutrien Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, July 17th. Shareholders of record on Friday, July 17th will be paid a dividend of $0.55 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $2.20 dividend on an annualized basis and a yield of 2.5%. Nutrien’s dividend payout ratio (DPR) is currently 44.50%.
Insider Transactions at Nutrien
In other Nutrien news, insider Mark Thompson purchased 279 shares of Nutrien stock in a transaction on Thursday, June 18th. The shares were purchased at an average cost of C$89.86 per share, with a total value of C$25,070.94. Following the completion of the transaction, the insider directly owned 37,367 shares in the company, valued at approximately C$3,357,798.62. This represents a 0.75% increase in their position. Also, Director Kenneth Alvin Seitz purchased 3,900 shares of the firm’s stock in a transaction that occurred on Friday, May 8th. The shares were acquired at an average cost of C$94.52 per share, with a total value of C$368,628.00. Following the completion of the transaction, the director owned 47,513 shares in the company, valued at C$4,490,928.76. This trade represents a 8.94% increase in their position. Insiders have bought a total of 8,141 shares of company stock worth $766,436 over the last ninety days. 0.03% of the stock is owned by insiders.
About Nutrien
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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