Nutrien (TSE:NTR) Insider Buys C$228,456.00 in Stock

Nutrien Ltd. (TSE:NTR) insider Christopher Reynolds bought 2,400 shares of the firm’s stock in a transaction on Friday, May 8th. The shares were purchased at an average price of C$95.19 per share, for a total transaction of C$228,456.00. Following the purchase, the insider owned 10,585 shares in the company, valued at C$1,007,586.15. This trade represents a 29.32% increase in their position.

Nutrien Price Performance

Shares of NTR traded up C$0.96 during mid-day trading on Tuesday, reaching C$98.50. The stock had a trading volume of 683,424 shares, compared to its average volume of 1,781,950. The firm has a market cap of C$47.28 billion, a price-to-earnings ratio of 20.06, a PEG ratio of 1.15 and a beta of 1.12. Nutrien Ltd. has a 12 month low of C$74.77 and a 12 month high of C$116.95. The business has a fifty day moving average of C$102.73 and a 200 day moving average of C$92.56. The company has a debt-to-equity ratio of 55.44, a quick ratio of 0.65 and a current ratio of 1.24.

Nutrien (TSE:NTR) last released its earnings results on Wednesday, May 6th. The company reported C$0.71 earnings per share for the quarter. The company had revenue of C$8.41 billion for the quarter. Nutrien had a net margin of 8.61% and a return on equity of 9.49%. Equities analysts predict that Nutrien Ltd. will post 5.3416399 EPS for the current year.

Analysts Set New Price Targets

Several research firms have recently commented on NTR. Raymond James Financial raised shares of Nutrien from a “hold” rating to a “moderate buy” rating in a report on Tuesday, May 5th. BNP Paribas Exane cut shares of Nutrien from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 23rd. Jefferies Financial Group upgraded Nutrien from a “hold” rating to a “strong-buy” rating in a research report on Thursday, March 12th. UBS Group lowered Nutrien from a “hold” rating to a “strong sell” rating in a report on Thursday, March 26th. Finally, TD Securities lifted their price objective on shares of Nutrien from C$72.00 to C$80.00 and gave the stock a “buy” rating in a research note on Wednesday, February 18th. Three research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$80.00.

Nutrien Company Profile

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.