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

Shares of Nutrien Ltd. (TSE:NTR) have received an average rating of “Hold” from the nine ratings firms that are presently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, six 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 research reports. National Bank Financial upgraded shares of Nutrien to a “hold” rating in a report on Thursday, September 4th. Raymond James Financial cut Nutrien from a “moderate buy” rating to a “hold” rating in a report on Tuesday, June 17th.

Insider Buying and Selling

In other Nutrien news, Senior Officer Christopher Reynolds sold 6,858 shares of the stock in a transaction on Monday, June 16th. The shares were sold at an average price of C$85.37, for a total transaction of C$585,448.26. Also, Senior Officer Andrew Kelemen sold 6,638 shares of Nutrien stock in a transaction on Monday, June 16th. The stock was sold at an average price of C$86.56, for a total transaction of C$574,611.83. 0.03% of the stock is currently owned by corporate insiders.

Nutrien Trading Down 0.2%

Shares of NTR opened at C$78.88 on Wednesday. The firm has a market cap of C$38.33 billion, a P/E ratio of 28.37, a price-to-earnings-growth ratio of 1.15 and a beta of 1.11. The company has a debt-to-equity ratio of 59.10, a current ratio of 1.27 and a quick ratio of 0.65. Nutrien has a 1 year low of C$62.75 and a 1 year high of C$88.03. The company has a 50 day simple moving average of C$80.40 and a two-hundred day simple moving average of C$78.13.

Nutrien Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Monday, September 29th will be issued a dividend of $0.545 per share. This represents a $2.18 annualized dividend and a dividend yield of 2.8%. Nutrien’s dividend payout ratio (DPR) is 78.06%.

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.