Analysts Set Nutrien Ltd. (TSE:NTR) Price Target at C$64.50

Nutrien Ltd. (TSE:NTR) has been given an average recommendation of “Hold” by the six brokerages that are covering the stock, Marketbeat.com reports. Five analysts have rated the stock with a hold rating and one has issued a strong buy rating on the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is C$59.00.

NTR has been the topic of several recent research reports. Piper Sandler upgraded Nutrien from a “strong sell” rating to a “strong-buy” rating in a report on Monday, January 13th. Barclays lowered Nutrien from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 21st. Finally, Raymond James upgraded Nutrien from a “hold” rating to a “moderate buy” rating in a report on Tuesday, December 3rd.

Insiders Place Their Bets

In other news, Director Kenneth Alvin Seitz purchased 10,490 shares of the company’s stock in a transaction dated Tuesday, December 24th. The shares were acquired at an average price of C$64.04 per share, with a total value of C$671,779.60. Also, Director Michael Jeremiah Hennigan purchased 5,000 shares of the company’s stock in a transaction dated Monday, February 24th. The shares were purchased at an average cost of C$73.98 per share, for a total transaction of C$369,910.00. Insiders own 0.03% of the company’s stock.

Nutrien Stock Down 0.0 %

TSE NTR opened at C$75.82 on Friday. The company has a debt-to-equity ratio of 59.10, a quick ratio of 0.65 and a current ratio of 1.27. The company has a market capitalization of C$26.10 billion, a P/E ratio of 35.70, a P/E/G ratio of 1.15 and a beta of 0.95. Nutrien has a one year low of C$60.74 and a one year high of C$83.14. The stock has a 50 day moving average price of C$71.98 and a 200-day moving average price of C$67.74.

Nutrien Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Monday, March 31st will be paid 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 2.88%. Nutrien’s dividend payout ratio (DPR) is presently 137.48%.

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.