Nutrien Ltd. (TSE:NTR) Given Consensus Recommendation of “Hold” by Brokerages

Nutrien Ltd. (TSE:NTR) has been assigned an average rating of “Hold” from the five brokerages that are covering the firm, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is C$64.50.

Several research firms have commented on NTR. UBS Group cut Nutrien from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 10th. Hsbc Global Res upgraded shares of Nutrien to a “moderate sell” rating in a report on Friday, August 2nd. Wells Fargo & Company lowered shares of Nutrien from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 24th. Finally, The Goldman Sachs Group downgraded shares of Nutrien from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 10th.

Insider Buying and Selling at Nutrien

In other Nutrien news, Director Keith Martell purchased 1,250 shares of the stock in a transaction on Thursday, September 19th. The shares were purchased at an average price of C$65.23 per share, with a total value of C$81,537.50. Also, Senior Officer Mark Thompson acquired 3,350 shares of the business’s stock in a transaction dated Wednesday, August 28th. The stock was acquired at an average cost of C$64.49 per share, with a total value of C$216,041.50. Insiders bought a total of 8,900 shares of company stock worth $572,331 over the last quarter. 0.03% of the stock is currently owned by insiders.

Nutrien Price Performance

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 company has a market capitalization of C$31.62 billion, a price-to-earnings ratio of 28.92, a price-to-earnings-growth ratio of 1.15 and a beta of 0.95. Nutrien has a twelve month low of C$60.74 and a twelve month high of C$83.14. The firm has a 50 day moving average price of C$65.53 and a 200-day moving average price of C$69.16.

Nutrien Dividend Announcement

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

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.