Analysts Set Nutrien Ltd. (TSE:NTR) Price Target at C$59.00

Nutrien Ltd. (TSE:NTR) has been given an average recommendation of “Hold” by the seven brokerages that are currently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, four have given a hold recommendation and two have given a strong buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is C$59.00.

Several equities analysts have recently commented on the company. BNP Paribas raised Nutrien to a “strong-buy” rating in a research report on Wednesday, April 9th. Piper Sandler upgraded shares of Nutrien from a “strong sell” rating to a “strong-buy” rating in a research note on Monday, January 13th. Barclays downgraded shares of Nutrien from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 21st. Finally, The Goldman Sachs Group raised Nutrien to a “strong sell” rating in a report on Thursday, March 13th.

Insider Buying and Selling at Nutrien

In other Nutrien news, Senior Officer Mark Thompson purchased 400 shares of the business’s stock in a transaction on Monday, March 31st. The shares were purchased at an average cost of C$71.18 per share, for a total transaction of C$28,472.00. Also, Director Michael Jeremiah Hennigan purchased 5,000 shares of the business’s stock in a transaction on Monday, February 24th. The stock was purchased at an average price of C$73.98 per share, for a total transaction of C$369,910.00. Over the last three months, insiders bought 9,250 shares of company stock worth $678,302. 0.03% of the stock is currently owned by insiders.

Nutrien Trading Up 0.9 %

Nutrien stock opened at C$72.91 on Friday. The stock has a 50-day simple moving average of C$72.45 and a 200 day simple moving average of C$69.55. The stock has a market capitalization of C$25.10 billion, a P/E ratio of 34.33, a PEG ratio of 1.15 and a beta of 0.95. The company has a debt-to-equity ratio of 59.10, a quick ratio of 0.65 and a current ratio of 1.27. Nutrien has a 52 week low of C$60.74 and a 52 week high of C$83.14.

Nutrien Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 10th. Investors of record on Monday, March 31st were given a dividend of $0.545 per share. This represents a $2.18 dividend on an annualized basis and a yield of 2.99%. This is a boost from Nutrien’s previous quarterly dividend of $0.54. Nutrien’s dividend payout ratio is currently 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.