Nutrien Ltd. (TSE:NTR) Given Average Rating of “Hold” by Analysts

Nutrien Ltd. (TSE:NTR) has earned an average recommendation of “Hold” from the five brokerages that are currently covering the stock, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is C$64.50.

A number of research analysts have commented on NTR shares. UBS Group cut shares of Nutrien from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 10th. The Goldman Sachs Group lowered Nutrien from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 10th. Wells Fargo & Company cut Nutrien from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 24th. Finally, Raymond James raised Nutrien from a “hold” rating to a “moderate buy” rating in a report on Tuesday, December 3rd.

Nutrien Price Performance

TSE:NTR opened at C$67.88 on Monday. The company has a debt-to-equity ratio of 53.14, a quick ratio of 0.65 and a current ratio of 1.26. The company has a 50-day moving average of C$66.28 and a 200-day moving average of C$68.32. Nutrien has a 52 week low of C$60.74 and a 52 week high of C$83.14. The company has a market capitalization of C$33.58 billion, a price-to-earnings ratio of 30.71, a PEG ratio of 1.15 and a beta of 0.95.

Nutrien Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Tuesday, December 31st will be issued a dividend of $0.54 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $2.16 dividend on an annualized basis and a yield of 3.18%. Nutrien’s dividend payout ratio is 132.13%.

Insiders Place Their Bets

In related news, Senior Officer Mark Thompson purchased 3,155 shares of the firm’s stock in a transaction dated Wednesday, September 25th. The shares were acquired at an average cost of C$63.79 per share, with a total value of C$201,257.45. Also, Director Keith Martell acquired 1,250 shares of the company’s stock in a transaction that occurred on Thursday, September 19th. The stock was bought at an average price of C$65.23 per share, with a total value of C$81,537.50. Over the last quarter, insiders have acquired 5,390 shares of company stock valued at $346,265. 0.03% of the stock is currently owned by corporate insiders.

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.