Nutrien Ltd. (TSE:NTR) Receives Average Rating of “Hold” from Analysts

Shares of Nutrien Ltd. (TSE:NTR) have received an average rating of “Hold” from the five analysts that are presently covering the firm, MarketBeat.com reports. Four research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is C$64.50.

A number of research analysts have weighed in on NTR shares. UBS Group lowered Nutrien from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 10th. Raymond James upgraded shares of Nutrien from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, December 3rd. Wells Fargo & Company downgraded shares of Nutrien from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 24th. Finally, The Goldman Sachs Group lowered Nutrien from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 10th.

Insiders Place Their Bets

In other news, Director Kenneth Alvin Seitz bought 10,490 shares of the stock in a transaction that occurred on Tuesday, December 24th. The stock was bought at an average cost of C$64.04 per share, for a total transaction of C$671,779.60. Also, Senior Officer Mark Thompson purchased 490 shares of the business’s stock in a transaction on Monday, November 18th. The shares were acquired at an average price of C$63.99 per share, for a total transaction of C$31,355.10. Insiders purchased a total of 11,175 shares of company stock valued at $716,056 over the last 90 days. 0.03% of the stock is owned by company insiders.

Nutrien Stock Performance

TSE:NTR opened at C$69.30 on Friday. The company has a debt-to-equity ratio of 53.14, a quick ratio of 0.65 and a current ratio of 1.26. The stock has a market capitalization of C$34.29 billion, a PE ratio of 31.36, a P/E/G ratio of 1.15 and a beta of 0.95. Nutrien has a fifty-two week low of C$60.74 and a fifty-two week high of C$83.14. The company has a fifty day moving average of C$66.24 and a two-hundred day moving average of C$66.52.

Nutrien Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Tuesday, December 31st will be given a $0.54 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $2.16 dividend on an annualized basis and a yield of 3.12%. Nutrien’s payout ratio is currently 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.