Nutrien Ltd. (TSE:NTR) Receives C$64.50 Average PT from Brokerages

Shares of Nutrien Ltd. (TSE:NTR) have been given a consensus rating of “Hold” by the six research firms that are covering the firm, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is C$59.00.

A number of research analysts have recently commented on the company. Barclays lowered Nutrien from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 21st. Piper Sandler raised shares of Nutrien from a “strong sell” rating to a “strong-buy” rating in a research note on Monday, January 13th. Finally, Raymond James raised shares of Nutrien from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, December 3rd.

Insider Activity at Nutrien

In related news, Director Michael Jeremiah Hennigan acquired 5,000 shares of the business’s stock in a transaction dated Monday, February 24th. The stock was bought at an average price of C$73.98 per share, for a total transaction of C$369,910.00. Also, Director Kenneth Alvin Seitz acquired 10,490 shares of Nutrien stock in a transaction dated Tuesday, December 24th. The shares were bought at an average cost of C$64.04 per share, with a total value of C$671,779.60. Company insiders own 0.03% of the company’s stock.

Nutrien Stock Down 0.7 %

NTR opened at C$74.32 on Friday. The stock’s 50 day moving average price is C$71.06 and its 200 day moving average price is C$67.55. The company has a debt-to-equity ratio of 59.10, a current ratio of 1.27 and a quick ratio of 0.65. The stock has a market cap of C$25.59 billion, a P/E ratio of 34.99, a P/E/G ratio of 1.15 and a beta of 0.95. Nutrien has a 12 month low of C$60.74 and a 12 month high of C$83.14.

Nutrien Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Monday, March 31st will be issued a $0.545 dividend. This is a positive change from Nutrien’s previous quarterly dividend of $0.54. This represents a $2.18 annualized dividend and a dividend yield of 2.93%. Nutrien’s dividend payout ratio is 137.48%.

Nutrien Company Profile

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.