Nutrien Ltd. (TSE:NTR) Given Consensus Recommendation of “Hold” by Analysts

Nutrien Ltd. (TSE:NTR) has been given a consensus rating of “Hold” by the six analysts that are covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a strong buy rating on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is C$59.00.

NTR has been the topic of a number of research analyst reports. Raymond James raised shares of Nutrien from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, December 3rd. The Goldman Sachs Group raised shares of Nutrien to a “strong sell” rating in a research report on Thursday, March 13th. Piper Sandler raised shares of Nutrien from a “strong sell” rating to a “strong-buy” rating in a research report on Monday, January 13th. Finally, Barclays downgraded shares of Nutrien from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 21st.

Nutrien Stock Down 0.1 %

Shares of Nutrien stock opened at C$74.48 on Wednesday. The company has a current ratio of 1.27, a quick ratio of 0.65 and a debt-to-equity ratio of 59.10. The company’s fifty day simple moving average is C$73.80 and its two-hundred day simple moving average is C$68.48. The company has a market cap of C$25.64 billion, a P/E ratio of 35.07, a PEG ratio of 1.15 and a beta of 0.95. Nutrien has a 12-month low of C$60.74 and a 12-month high of C$83.14.

Nutrien Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Monday, March 31st will be given a $0.545 dividend. This is an increase from Nutrien’s previous quarterly dividend of $0.54. This represents a $2.18 dividend on an annualized basis and a dividend yield of 2.93%. Nutrien’s dividend payout ratio is currently 137.48%.

Insider Transactions at Nutrien

In other news, Director Kenneth Alvin Seitz purchased 10,490 shares of the company’s stock in a transaction that occurred on Tuesday, December 24th. The shares were bought at an average price of C$64.04 per share, for a total transaction of C$671,779.60. Also, Director Julie Lagacy purchased 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 11th. The stock was purchased at an average price of C$73.28 per share, for a total transaction of C$146,563.20. Insiders have acquired 18,840 shares of company stock valued at $1,285,304 in the last three months. 0.03% of the stock is currently owned by company 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.