Nutrien (TSE:NTR) Upgraded 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 note issued to investors on Monday,Zacks.com reports.

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

Nutrien Price Performance

Shares of NTR stock opened at C$73.72 on Monday. The stock’s fifty day moving average is C$66.55 and its 200-day moving average is C$66.52. The company has a debt-to-equity ratio of 53.14, a quick ratio of 0.65 and a current ratio of 1.26. Nutrien has a 52 week low of C$60.74 and a 52 week high of C$83.14. The stock has a market capitalization of C$36.47 billion, a PE ratio of 33.36, a PEG ratio of 1.15 and a beta of 0.95.

Nutrien Announces Dividend

The business also recently announced 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 dividend on an annualized basis and a dividend yield of 2.93%. The ex-dividend date is Tuesday, December 31st. Nutrien’s dividend payout ratio is currently 132.13%.

Insider Buying and Selling at Nutrien

In other Nutrien news, Director Kenneth Alvin Seitz acquired 10,490 shares of the company’s stock in a transaction on Tuesday, December 24th. The shares were purchased at an average price of C$64.04 per share, for a total transaction of C$671,779.60. Also, Senior Officer Mark Thompson bought 490 shares of Nutrien stock in a transaction dated Monday, November 18th. The shares were acquired at an average price of C$63.99 per share, with a total value of C$31,355.10. Insiders purchased a total of 11,175 shares of company stock worth $716,056 over the last ninety days. 0.03% of the stock is currently owned by corporate insiders.

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.