Nutrien Ltd. (TSE:NTR) Receives Average Rating of “Moderate Buy” from Brokerages

Nutrien Ltd. (TSE:NTR) has been assigned a consensus recommendation of “Moderate Buy” from the ten research firms that are covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation, three have issued a buy recommendation and three have given a strong buy recommendation to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is C$80.00.

A number of research analysts recently issued reports on NTR shares. Berenberg Bank lowered Nutrien from a “strong-buy” rating to a “hold” rating in a report on Wednesday, June 10th. Jefferies Financial Group upgraded shares of Nutrien from a “hold” rating to a “strong-buy” rating in a research report on Thursday, March 12th. UBS Group cut shares of Nutrien from a “hold” rating to a “strong sell” rating in a research note on Thursday, March 26th. Wells Fargo & Company upgraded shares of Nutrien from a “hold” rating to a “strong-buy” rating in a report on Friday, March 13th. Finally, Raymond James Financial upgraded shares of Nutrien from a “hold” rating to a “moderate buy” rating in a report on Tuesday, May 5th.

Insider Buying and Selling

In related news, insider Christopher Reynolds bought 2,400 shares of the business’s stock in a transaction dated Friday, May 8th. The shares were bought at an average cost of C$95.19 per share, with a total value of C$228,456.00. Following the completion of the transaction, the insider directly owned 10,585 shares of the company’s stock, valued at approximately C$1,007,586.15. This trade represents a 29.32% increase in their ownership of the stock. Also, insider Mark Thompson bought 279 shares of Nutrien stock in a transaction dated Thursday, June 18th. The shares were bought at an average cost of C$89.86 per share, with a total value of C$25,070.94. Following the completion of the acquisition, the insider owned 37,367 shares of the company’s stock, valued at C$3,357,798.62. The trade was a 0.75% increase in their ownership of the stock. Over the last quarter, insiders have acquired 8,141 shares of company stock valued at $766,436. Insiders own 0.03% of the company’s stock.

Nutrien Price Performance

TSE:NTR traded up C$1.31 during midday trading on Tuesday, hitting C$93.10. 44,358 shares of the stock were exchanged, compared to its average volume of 1,738,613. The company has a market capitalization of C$44.69 billion, a price-to-earnings ratio of 18.96, a P/E/G ratio of 1.15 and a beta of 0.71. The company has a current ratio of 1.24, a quick ratio of 0.65 and a debt-to-equity ratio of 55.44. Nutrien has a one year low of C$74.77 and a one year high of C$116.95. The business has a 50-day moving average price of C$94.50 and a two-hundred day moving average price of C$95.97.

Nutrien (TSE:NTR) last issued its quarterly earnings results on Wednesday, May 6th. The company reported C$0.71 earnings per share (EPS) for the quarter. Nutrien had a return on equity of 9.49% and a net margin of 8.61%.The company had revenue of C$8.41 billion for the quarter. Sell-side analysts predict that Nutrien will post 5.3416399 EPS for the current year.

Nutrien Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 17th. Stockholders of record on Friday, July 17th will be paid a dividend of $0.55 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $2.20 annualized dividend and a dividend yield of 2.4%. Nutrien’s dividend payout ratio (DPR) is currently 44.50%.

About Nutrien

Nutrien is a leading global provider of crop inputs and services. We operate a world-class network of production, distribution and ag retail facilities that positions us to efficiently serve the needs of growers. We focus on creating long-term value by prioritizing investments that strengthen the advantages of our business across the ag value chain and by maintaining access to the resources and the relationships with stakeholders needed to achieve our goals.