Nutrien (TSE:NTR) Upgraded to “Strong Sell” at The Goldman Sachs Group

The Goldman Sachs Group upgraded shares of Nutrien (TSE:NTR) to a strong sell rating in a research report sent to investors on Thursday morning,Zacks.com reports.

NTR has been the topic of a number of other reports. Piper Sandler raised shares of Nutrien from a “strong sell” rating to a “strong-buy” rating in a research note on Monday, January 13th. Raymond James raised shares of Nutrien from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, December 3rd. Finally, Barclays lowered shares of Nutrien from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 21st. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of C$59.00.

Nutrien Trading Up 0.9 %

NTR opened at C$72.96 on Thursday. The company’s 50 day moving average price is C$73.59 and its two-hundred day moving average price is C$68.34. The company has a debt-to-equity ratio of 59.10, a current ratio of 1.27 and a quick ratio of 0.65. Nutrien has a fifty-two week low of C$60.74 and a fifty-two week high of C$83.14. The firm has a market capitalization of C$25.12 billion, a price-to-earnings ratio of 34.35, a PEG ratio of 1.15 and a beta of 0.95.

Nutrien Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Monday, March 31st will be given a dividend of $0.545 per share. This represents a $2.18 dividend on an annualized basis and a dividend yield of 2.99%. This is an increase from Nutrien’s previous quarterly dividend of $0.54. Nutrien’s payout ratio is presently 137.48%.

Insider Activity at Nutrien

In other Nutrien news, Director Michael Jeremiah Hennigan acquired 5,000 shares of the stock in a transaction on Monday, February 24th. The shares were purchased at an average price of C$73.98 per share, for a total transaction of C$369,910.00. Also, Senior Officer Mark Thompson acquired 1,350 shares of the stock in a transaction on Monday, March 3rd. The shares were acquired at an average price of C$71.89 per share, for a total transaction of C$97,051.50. Insiders have purchased 18,840 shares of company stock worth $1,285,304 in the last quarter. Company 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.