Brokerages Set Nutrien Ltd. (TSE:NTR) PT at C$64.33

Nutrien Ltd. (TSE:NTR) has received an average recommendation of “Hold” from the five ratings firms that are covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is C$64.33.

A number of analysts have commented on NTR shares. Wells Fargo & Company lowered shares of Nutrien from a “strong-buy” rating to a “hold” rating in a report on Tuesday. Hsbc Global Res raised shares of Nutrien to a “moderate sell” rating in a research report on Friday, August 2nd. The Goldman Sachs Group cut shares of Nutrien from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 10th. Finally, Mizuho raised shares of Nutrien from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 16th.

Insider Transactions at Nutrien

In other news, Senior Officer Mark Thompson acquired 3,500 shares of the stock in a transaction dated Tuesday, August 20th. The shares were bought at an average cost of C$64.00 per share, for a total transaction of C$224,000.00. In related news, Director Keith Martell purchased 1,250 shares of the firm’s stock in a transaction that occurred on Thursday, September 19th. The shares were acquired at an average price of C$65.23 per share, for a total transaction of C$81,537.50. Also, Senior Officer Mark Thompson purchased 3,500 shares of the firm’s stock in a transaction that occurred on Tuesday, August 20th. The stock was bought at an average price of C$64.00 per share, for a total transaction of C$224,000.00. Insiders have bought 12,710 shares of company stock worth $814,824 in the last ninety days. Insiders own 0.03% of the company’s stock.

Nutrien Stock Performance

TSE:NTR opened at C$65.22 on Wednesday. Nutrien has a 1 year low of C$60.74 and a 1 year high of C$85.66. The firm has a 50 day moving average of C$65.16 and a 200-day moving average of C$70.62. The company has a current ratio of 1.26, a quick ratio of 0.65 and a debt-to-equity ratio of 53.14. The stock has a market capitalization of C$32.27 billion, a P/E ratio of 29.92, a price-to-earnings-growth ratio of 0.36 and a beta of 0.96.

Nutrien (TSE:NTR) last issued its quarterly earnings results on Wednesday, August 7th. The company reported C$3.18 earnings per share for the quarter, beating analysts’ consensus estimates of C$2.87 by C$0.31. The business had revenue of C$13.90 billion during the quarter, compared to analyst estimates of C$14.92 billion. Nutrien had a net margin of 3.06% and a return on equity of 3.22%. As a group, sell-side analysts anticipate that Nutrien will post 5.4173028 EPS for the current fiscal year.

Nutrien Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 18th. Shareholders of record on Friday, September 27th will be given a dividend of $0.54 per share. The ex-dividend date of this dividend is Friday, September 27th. This represents a $2.16 annualized dividend and a yield of 3.31%. Nutrien’s dividend payout ratio (DPR) is presently 136.70%.

Nutrien Company Profile

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.