Stock Traders Purchase High Volume of Nutrien Put Options (NTR)

Nutrien Ltd. (NYSE:NTR) was the recipient of unusually large options trading activity on Tuesday. Traders purchased 2,838 put options on the company. This is an increase of 1,134% compared to the average volume of 230 put options.

A hedge fund recently bought a new stake in Nutrien stock. Verity Asset Management Inc. bought a new position in shares of Nutrien Ltd. (NYSE:NTR) during the fourth quarter, according to its most recent filing with the SEC. The fund bought 11,354 shares of the company’s stock, valued at approximately $594,000.

NTR has been the topic of a number of analyst reports. HSBC initiated coverage on shares of Nutrien in a report on Thursday, January 11th. They set a “buy” rating on the stock. Stifel Nicolaus initiated coverage on shares of Nutrien in a report on Wednesday, January 10th. They set a “buy” rating and a $64.00 price objective on the stock. TD Securities reaffirmed a “buy” rating and set a $65.00 price objective on shares of Nutrien in a report on Tuesday, January 9th. UBS Group reaffirmed a “buy” rating on shares of Nutrien in a report on Wednesday, January 3rd. Finally, Citigroup raised shares of Nutrien from a “neutral” rating to a “buy” rating in a report on Tuesday, January 23rd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $58.38.

Shares of Nutrien (NYSE NTR) opened at $45.05 on Friday. The company has a market capitalization of $30,150.00 and a price-to-earnings ratio of 34.04. Nutrien has a 52 week low of $40.41 and a 52 week high of $56.18. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.50 and a current ratio of 0.99.

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About Nutrien

Nutrien Ltd. produces and distributes potash, nitrogen, and phosphate products for agricultural, industrial, and feed customers worldwide. It offers potash crop feed, fertilizer, industrial, metal finishing, and purified acid products, as well as blends. The company is also involved in the retail operations that serve growers in seven countries across three continents.

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