The Goldman Sachs Group Lowers Nutrien (TSE:NTR) to Hold

The Goldman Sachs Group downgraded shares of Nutrien (TSE:NTR) from a strong-buy rating to a hold rating in a report published on Tuesday morning, Zacks.com reports.

Other analysts also recently issued reports about the company. Mizuho upgraded Nutrien from a strong sell rating to a hold rating in a research note on Tuesday, July 16th. Hsbc Global Res raised Nutrien to a moderate sell rating in a research report on Friday, August 2nd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of Hold and a consensus price target of C$64.33.

Nutrien Stock Performance

Shares of Nutrien stock opened at C$62.71 on Tuesday. The stock has a market cap of C$31.03 billion, a price-to-earnings ratio of 29.03, a PEG ratio of 0.36 and a beta of 0.96. 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$87.94. The firm’s 50-day moving average is C$65.98 and its 200 day moving average is C$71.11.

Nutrien (TSE:NTR) last issued its earnings results on Wednesday, August 7th. The company reported C$3.18 earnings per share (EPS) for the quarter, topping the consensus estimate of C$2.87 by C$0.31. The firm had revenue of C$13.90 billion for the quarter, compared to the consensus estimate of C$14.92 billion. Nutrien had a net margin of 3.06% and a return on equity of 3.22%. Sell-side analysts anticipate that Nutrien will post 5.4593886 EPS for the current fiscal year.

Nutrien Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, October 18th. Stockholders of record on Friday, September 27th will be issued a dividend of $0.54 per share. The ex-dividend date is Friday, September 27th. This represents a $2.16 annualized dividend and a dividend yield of 3.44%. Nutrien’s payout ratio is 137.96%.

Insider Transactions at Nutrien

In other news, Senior Officer Mark Thompson acquired 3,350 shares of Nutrien stock in a transaction that occurred on Wednesday, August 28th. The stock was bought at an average price of C$64.49 per share, for a total transaction of C$216,041.50. Insiders have bought a total of 8,145 shares of company stock worth $522,580 in the last ninety days. 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.