Nutrien Ltd. (TSE:NTR) Receives C$64.50 Average Price Target from Brokerages

Nutrien Ltd. (TSE:NTRGet Free Report) has been given a consensus rating of “Hold” by the seven analysts that are currently covering the firm, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation, one has given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is C$64.50.

Several equities analysts have recently weighed in on the company. UBS Group cut Nutrien from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 10th. Raymond James raised Nutrien from a “hold” rating to a “moderate buy” rating in a report on Tuesday, December 3rd. Piper Sandler upgraded Nutrien from a “strong sell” rating to a “strong-buy” rating in a research note on Monday, January 13th. Finally, Barclays downgraded shares of Nutrien from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 21st.

Get Our Latest Stock Report on NTR

Insider Transactions at Nutrien

In related news, Senior Officer Mark Thompson acquired 490 shares of Nutrien stock in a transaction on Monday, November 18th. The shares were bought at an average cost of C$63.99 per share, with a total value of C$31,355.10. Also, Director Kenneth Alvin Seitz acquired 10,490 shares of the firm’s stock in a transaction on Tuesday, December 24th. The shares were bought at an average price of C$64.04 per share, for a total transaction of C$671,779.60. Insiders have bought 11,175 shares of company stock valued at $716,056 in the last ninety days. Corporate insiders own 0.03% of the company’s stock.

Nutrien Trading Down 1.1 %

Nutrien stock opened at C$75.75 on Tuesday. Nutrien has a one year low of C$60.74 and a one year high of C$83.14. The business’s fifty day moving average is C$68.50 and its 200 day moving average is C$66.92. The stock has a market capitalization of C$37.48 billion, a PE ratio of 34.28, a price-to-earnings-growth ratio of 1.15 and a beta of 0.95. The company has a debt-to-equity ratio of 53.14, a current ratio of 1.26 and a quick ratio of 0.65.

Nutrien (TSE:NTRGet Free Report) last released its quarterly earnings data on Wednesday, November 6th. The company reported C$0.53 earnings per share for the quarter, missing the consensus estimate of C$0.59 by C($0.06). Nutrien had a net margin of 3.06% and a return on equity of 3.22%. During the same quarter in the previous year, the firm earned $0.47 EPS. On average, sell-side analysts predict that Nutrien will post 5.3416399 EPS for the current year.

Nutrien Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Tuesday, December 31st were paid a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a yield of 2.85%. The ex-dividend date of this dividend was Tuesday, December 31st. Nutrien’s payout ratio is presently 132.13%.

About Nutrien

(Get Free Report

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.

Further Reading

Analyst Recommendations for Nutrien (TSE:NTR)

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