Nutrien Ltd. (TSE:NTR) Receives Average Recommendation of “Hold” from Analysts

Nutrien Ltd. (TSE:NTR) has been assigned an average recommendation of “Hold” from the seven brokerages that are presently covering the firm, MarketBeat reports. Five research analysts have rated the stock with a hold recommendation, one has assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is C$64.50.

Several equities research analysts have recently weighed in on NTR shares. Piper Sandler raised Nutrien from a “strong sell” rating to a “strong-buy” rating in a research report on Monday, January 13th. UBS Group lowered shares of Nutrien from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 10th. Raymond James raised shares of Nutrien from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, December 3rd. Finally, Barclays lowered Nutrien from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 21st.

Insider Activity at Nutrien

In other Nutrien news, Director Kenneth Alvin Seitz bought 10,490 shares of the firm’s stock in a transaction that occurred on Tuesday, December 24th. The shares were acquired at an average cost of C$64.04 per share, with a total value of C$671,779.60. Also, Senior Officer Mark Thompson purchased 490 shares of the business’s stock in a transaction on Monday, November 18th. The shares were acquired at an average cost of C$63.99 per share, with a total value of C$31,355.10. Over the last three months, insiders bought 11,175 shares of company stock valued at $716,056. 0.03% of the stock is owned by corporate insiders.

Nutrien Price Performance

NTR opened at C$74.25 on Tuesday. The company has a quick ratio of 0.65, a current ratio of 1.26 and a debt-to-equity ratio of 53.14. Nutrien has a 12-month low of C$60.74 and a 12-month high of C$83.14. The stock has a fifty day moving average of C$68.96 and a 200-day moving average of C$67.01. The firm has a market capitalization of C$36.74 billion, a P/E ratio of 33.60, a PEG ratio of 1.15 and a beta of 0.95.

Nutrien (TSE:NTR) last issued its quarterly earnings data on Wednesday, November 6th. The company reported C$0.53 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.59 by C($0.06). Nutrien had a net margin of 3.06% and a return on equity of 3.22%. During the same period in the prior year, the company earned $0.47 earnings per share. Equities analysts forecast that Nutrien will post 5.3416399 EPS for the current fiscal year.

Nutrien Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Tuesday, December 31st were paid a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a dividend yield of 2.91%. The ex-dividend date was Tuesday, December 31st. Nutrien’s dividend payout ratio is currently 132.13%.

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.