Nutrien Ltd. (TSE:NTR) Receives C$59.00 Average Target Price from Analysts

Shares of Nutrien Ltd. (TSE:NTR) have received an average rating of “Hold” from the seven brokerages that are covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, four have given a hold rating and two have given a strong buy rating to the company.

NTR has been the topic of a number of recent analyst reports. Piper Sandler raised shares of Nutrien from a “strong sell” rating to a “strong-buy” rating in a research note on Monday, January 13th. BNP Paribas upgraded Nutrien to a “strong-buy” rating in a research report on Wednesday, April 9th. The Goldman Sachs Group upgraded Nutrien to a “strong sell” rating in a report on Thursday, March 13th. Finally, Barclays cut shares of Nutrien from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 21st.

Insider Transactions at Nutrien

In other news, Senior Officer Mark Thompson bought 1,350 shares of the company’s stock in a transaction that occurred on Monday, March 3rd. The shares were purchased at an average price of C$71.89 per share, for a total transaction of C$97,051.50. Also, Director Michael Jeremiah Hennigan purchased 5,000 shares of Nutrien stock in a transaction on Monday, February 24th. The stock was bought at an average cost of C$73.98 per share, with a total value of C$369,910.00. Insiders have purchased 9,470 shares of company stock valued at $695,156 over the last three months. Company insiders own 0.03% of the company’s stock.

Nutrien Trading Up 1.7 %

NTR opened at C$77.48 on Thursday. The business’s 50 day moving average is C$73.26 and its two-hundred day moving average is C$70.84. Nutrien has a 52 week low of C$60.74 and a 52 week high of C$83.14. The firm has a market cap of C$26.67 billion, a price-to-earnings ratio of 36.48, a price-to-earnings-growth ratio of 1.15 and a beta of 0.95. The company has a quick ratio of 0.65, a current ratio of 1.27 and a debt-to-equity ratio of 59.10.

Nutrien Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, July 18th. Shareholders of record on Monday, June 30th will be paid a dividend of $0.545 per share. This represents a $2.18 dividend on an annualized basis and a yield of 2.81%. Nutrien’s payout ratio is currently 137.48%.

About Nutrien

Nutrien is the world’s largest fertilizer producer by capacity. Nutrien produces the three main crop nutrientsnitrogen, potash, and phosphatealthough its main focus is potash, where it is the global leader in installed capacity with roughly 20% share. The company is also the largest agricultural retailer in the United States, selling fertilizers, crop chemicals, seeds, and services directly to farm customers through its brick-and-mortar stores and online platforms.