Nutrien Ltd. (TSE:NTR) Receives Consensus Rating of “Hold” from Brokerages

Nutrien Ltd. (TSE:NTR) has been given an average rating of “Hold” by the six analysts that are currently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is C$59.00.

A number of research analysts have recently issued reports on the stock. The Goldman Sachs Group upgraded shares of Nutrien to a “strong sell” rating in a report on Thursday, March 13th. Piper Sandler upgraded Nutrien from a “strong sell” rating to a “strong-buy” rating in a research note on Monday, January 13th. Barclays downgraded Nutrien from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 21st. Finally, Raymond James raised Nutrien from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, December 3rd.

Insider Buying and Selling at Nutrien

In other news, Director Michael Jeremiah Hennigan acquired 5,000 shares of the firm’s 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 purchased 1,350 shares of Nutrien stock in a transaction that occurred 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 bought 18,840 shares of company stock worth $1,285,304 over the last 90 days. Corporate insiders own 0.03% of the company’s stock.

Nutrien Trading Up 0.3 %

NTR opened at C$75.32 on Wednesday. The company has a fifty day moving average price of C$74.15 and a two-hundred day moving average price of C$68.70. Nutrien has a 1-year low of C$60.74 and a 1-year high of C$83.14. The company has a market cap of C$25.93 billion, a P/E ratio of 35.46, a price-to-earnings-growth ratio of 1.15 and a beta of 0.95. The company has a current ratio of 1.27, a quick ratio of 0.65 and a debt-to-equity ratio of 59.10.

Nutrien Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Monday, March 31st will be given a dividend of $0.545 per share. This is a positive change from Nutrien’s previous quarterly dividend of $0.54. This represents a $2.18 annualized dividend and a yield of 2.89%. Nutrien’s payout ratio is presently 137.48%.

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.