Nutrien (TSE:NTR) Cut to “Strong Sell” at UBS Group

Nutrien (TSE:NTR) was downgraded by equities research analysts at UBS Group from a “hold” rating to a “strong sell” rating in a research note issued to investors on Thursday,Zacks.com reports.

NTR has been the topic of a number of other reports. Wells Fargo & Company raised shares of Nutrien from a “hold” rating to a “strong-buy” rating in a research note on Friday, March 13th. TD Securities lifted their target price on shares of Nutrien from C$72.00 to C$80.00 and gave the stock a “buy” rating in a research report on Wednesday, February 18th. Jefferies Financial Group upgraded shares of Nutrien from a “hold” rating to a “strong-buy” rating in a research report on Thursday, March 12th. Finally, BNP Paribas Exane cut shares of Nutrien from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$80.00.

Nutrien Stock Performance

NTR opened at C$102.03 on Thursday. Nutrien has a 1-year low of C$65.35 and a 1-year high of C$116.95. The stock has a market cap of C$49.09 billion, a P/E ratio of 21.89, a P/E/G ratio of 1.15 and a beta of 1.26. The stock’s 50 day simple moving average is C$99.59 and its 200 day simple moving average is C$88.12. The company has a debt-to-equity ratio of 51.16, a current ratio of 1.34 and a quick ratio of 0.65.

Nutrien (TSE:NTR) last posted its earnings results on Wednesday, February 18th. The company reported C$1.14 EPS for the quarter. The company had revenue of C$5.34 billion for the quarter. Nutrien had a return on equity of 9.13% and a net margin of 8.44%. As a group, equities analysts anticipate that Nutrien will post 5.3416399 EPS for the current fiscal year.

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.