Nutrien Ltd. (TSE:NTR) Receives C$59.00 Consensus PT from Brokerages

Shares of Nutrien Ltd. (TSE:NTR) have been assigned an average recommendation of “Hold” from the six ratings firms that are presently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is C$59.00.

A number of research analysts have recently issued reports on NTR shares. Barclays downgraded Nutrien from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 21st. Raymond James upgraded shares of Nutrien from a “hold” rating to a “moderate buy” rating in a report on Tuesday, December 3rd. Piper Sandler raised shares of Nutrien from a “strong sell” rating to a “strong-buy” rating in a research report on Monday, January 13th. Finally, The Goldman Sachs Group raised Nutrien to a “strong sell” rating in a research note on Thursday, March 13th.

Insiders Place Their Bets

In other Nutrien news, Director Julie Lagacy bought 2,000 shares of Nutrien stock in a transaction dated Tuesday, March 11th. The stock was purchased at an average price of C$73.28 per share, for a total transaction of C$146,563.20. Also, Senior Officer Mark Thompson purchased 500 shares of the business’s stock in a transaction dated Tuesday, March 25th. The stock was bought at an average cost of C$72.61 per share, with a total value of C$36,305.00. In the last ninety days, insiders bought 8,850 shares of company stock valued at $649,830. Corporate insiders own 0.03% of the company’s stock.

Nutrien Price Performance

NTR stock opened at C$71.62 on Wednesday. The company has a quick ratio of 0.65, a current ratio of 1.27 and a debt-to-equity ratio of 59.10. The firm has a market cap of C$24.66 billion, a price-to-earnings ratio of 33.72, a PEG ratio of 1.15 and a beta of 0.95. The company’s fifty day simple moving average is C$74.13 and its 200 day simple moving average is C$68.81. Nutrien has a 12-month low of C$60.74 and a 12-month high of C$83.14.

Nutrien Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Monday, March 31st will be given a $0.545 dividend. This is a positive change from Nutrien’s previous quarterly dividend of $0.54. This represents a $2.18 dividend on an annualized basis and a yield of 3.04%. Nutrien’s dividend payout ratio is presently 137.48%.

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.