Analysts Set Nutrien Ltd. (TSE:NTR) PT at C$74.33

Nutrien Ltd. (TSE:NTR) has been given a consensus recommendation of “Moderate Buy” by the ten ratings firms that are covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation, three have given a buy recommendation and three have issued a strong buy recommendation on the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is C$74.33.

A number of research analysts recently commented on the stock. Berenberg Bank downgraded shares of Nutrien from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, June 10th. Raymond James Financial upgraded shares of Nutrien from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, May 5th. BNP Paribas Exane raised shares of Nutrien from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 28th. Scotiabank upgraded shares of Nutrien from a “hold” rating to a “sector outperform” rating and set a C$80.00 price target on the stock in a report on Tuesday, June 30th. Finally, Jefferies Financial Group downgraded shares of Nutrien from a “buy” rating to a “hold” rating and dropped their price target for the stock from C$96.00 to C$63.00 in a research note on Thursday, July 16th.

Nutrien Trading Up 3.1%

Shares of TSE NTR opened at C$107.78 on Wednesday. Nutrien has a one year low of C$74.77 and a one year high of C$116.95. The firm has a market capitalization of C$51.43 billion, a PE ratio of 21.82, a PEG ratio of 1.15 and a beta of 0.68. The company has a current ratio of 1.39, a quick ratio of 0.65 and a debt-to-equity ratio of 49.14. The business has a 50-day moving average price of C$95.30 and a two-hundred day moving average price of C$97.89.

Nutrien (TSE:NTR) last issued its earnings results on Wednesday, August 5th. The company reported C$3.71 earnings per share for the quarter. The company had revenue of C$15.36 billion for the quarter. Nutrien had a return on equity of 9.27% and a net margin of 8.44%. As a group, analysts predict that Nutrien will post 5.3416399 earnings per share for the current fiscal year.

Nutrien Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, July 17th. Shareholders of record on Friday, July 17th were given a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend was Tuesday, June 30th. Nutrien’s dividend payout ratio is presently 44.33%.

Insider Transactions at Nutrien

In other news, insider Mark Thompson purchased 279 shares of the stock in a transaction that occurred on Thursday, June 18th. The stock was acquired at an average price of C$89.86 per share, with a total value of C$25,070.94. Following the purchase, the insider owned 37,367 shares in the company, valued at C$3,357,798.62. This represents a 0.75% increase in their position. Also, insider Noralee Bradley purchased 300 shares of the stock in a transaction that occurred on Friday, June 26th. The stock was purchased at an average cost of C$86.16 per share, with a total value of C$25,848.00. Following the purchase, the insider owned 6,155 shares in the company, valued at C$530,314.80. This represents a 5.12% increase in their position. Insiders have bought a total of 624 shares of company stock valued at $55,228 over the last ninety days. Company insiders own 0.03% of the company’s stock.

Nutrien Company Profile

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.