Nutrien Ltd. (TSE:NTR) Given Average Rating of “Hold” by Brokerages

Nutrien Ltd. (TSE:NTR) has earned an average recommendation of “Hold” from the five ratings firms that are currently covering the stock, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is C$64.50.

NTR has been the topic of several analyst reports. Wells Fargo & Company downgraded shares of Nutrien from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 24th. The Goldman Sachs Group lowered Nutrien from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 10th. UBS Group downgraded Nutrien from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 10th. Mizuho raised Nutrien from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 16th. Finally, Hsbc Global Res raised Nutrien to a “moderate sell” rating in a report on Friday, August 2nd.

Nutrien Trading Down 1.2 %

Shares of NTR stock opened at C$65.84 on Friday. The company has a market capitalization of C$32.57 billion, a P/E ratio of 29.79, a price-to-earnings-growth ratio of 1.15 and a beta of 0.95. 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 business’s 50 day moving average is C$64.63 and its two-hundred day moving average is C$70.05. Nutrien has a twelve month low of C$60.74 and a twelve month high of C$84.74.

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, topping the consensus estimate of C$2.87 by C$0.31. The firm had revenue of C$13.90 billion during the quarter, compared to the consensus estimate of C$14.92 billion. Nutrien had a return on equity of 3.22% and a net margin of 3.06%. Equities analysts forecast that Nutrien will post 5.3416399 EPS for the current year.

Nutrien Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Friday, September 27th were given a dividend of $0.54 per share. The ex-dividend date was Friday, September 27th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 3.28%. Nutrien’s payout ratio is 132.13%.

Insider Transactions at Nutrien

In other news, Director Keith Martell bought 1,250 shares of the firm’s stock in a transaction on Thursday, September 19th. The shares were bought at an average cost of C$65.23 per share, for a total transaction of C$81,537.50. In other Nutrien news, Senior Officer Mark Thompson purchased 630 shares of the stock in a transaction dated Friday, August 9th. The shares were acquired at an average cost of C$62.61 per share, for a total transaction of C$39,444.30. Also, Director Keith Martell acquired 1,250 shares of the business’s stock in a transaction that occurred on Thursday, September 19th. The shares were bought at an average price of C$65.23 per share, with a total value of C$81,537.50. Insiders have bought 12,710 shares of company stock valued at $814,824 in the last quarter. 0.03% of the stock is currently owned by corporate insiders.

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.