Nutrien (TSE:NTR) Rating Increased to Strong-Buy at Piper Sandler

Piper Sandler upgraded shares of Nutrien (TSE:NTR) from a strong sell rating to a strong-buy rating in a research report released on Monday morning,Zacks.com reports.

NTR has been the topic of several other research reports. Raymond James upgraded shares of Nutrien from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, December 3rd. UBS Group cut shares of Nutrien from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 10th. Finally, Wells Fargo & Company cut shares of Nutrien from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 24th. Four research analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of C$64.50.

Nutrien Trading Up 0.5 %

Nutrien stock opened at C$74.56 on Monday. The stock has a market cap of C$36.89 billion, a P/E ratio of 33.74, a PEG ratio of 1.15 and a beta of 0.95. The company has a debt-to-equity ratio of 53.14, a current ratio of 1.26 and a quick ratio of 0.65. Nutrien has a 1 year low of C$60.74 and a 1 year high of C$83.14. The firm’s 50 day moving average price is C$66.70 and its 200-day moving average price is C$66.55.

Nutrien Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Tuesday, December 31st will be given a $0.54 dividend. This represents a $2.16 annualized dividend and a yield of 2.90%. The ex-dividend date is Tuesday, December 31st. Nutrien’s dividend payout ratio is presently 132.13%.

Insider Buying and Selling

In other news, Director Kenneth Alvin Seitz acquired 10,490 shares of the company’s stock in a transaction on Tuesday, December 24th. The stock was bought at an average cost of C$64.04 per share, with a total value of C$671,779.60. Also, Senior Officer Mark Thompson acquired 490 shares of the company’s stock in a transaction on Monday, November 18th. The shares were purchased at an average cost of C$63.99 per share, with a total value of C$31,355.10. Over the last 90 days, insiders have acquired 11,175 shares of company stock worth $716,056. Insiders own 0.03% of the company’s stock.

About Nutrien

Nutrien Ltd. provides crop inputs and services. The company operates through four segments: Retail, Potash, Nitrogen, and Phosphate. The Retail segment distributes crop nutrients, crop protection products, seeds, and merchandise products. The Potash segment provides granular and standard potash products.