Nutrien Ltd. (TSE:NTR) Receives Consensus Recommendation of “Hold” from Brokerages

Nutrien Ltd. (TSE:NTR) has been assigned a consensus recommendation of “Hold” from the seven analysts that are currently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a strong buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is C$59.00.

A number of equities research analysts have recently weighed in on NTR shares. The Goldman Sachs Group raised Nutrien to a “strong sell” rating in a research note on Thursday, March 13th. Piper Sandler raised shares of Nutrien from a “strong sell” rating to a “strong-buy” rating in a research note on Monday, January 13th. BNP Paribas raised Nutrien to a “strong-buy” rating in a research report on Wednesday. Finally, Barclays cut Nutrien from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 21st.

Insider Buying and Selling

In related news, Senior Officer Mark Thompson purchased 400 shares of Nutrien stock in a transaction on Monday, March 31st. The shares were bought at an average cost of C$71.18 per share, for a total transaction of C$28,472.00. Also, Director Michael Jeremiah Hennigan purchased 5,000 shares of the company’s stock in a transaction that occurred on Monday, February 24th. The shares were purchased at an average cost of C$73.98 per share, with a total value of C$369,910.00. In the last ninety days, insiders bought 9,250 shares of company stock valued at $678,302. 0.03% of the stock is owned by corporate insiders.

Nutrien Price Performance

Shares of Nutrien stock opened at C$71.00 on Friday. The firm has a market capitalization of C$24.44 billion, a PE ratio of 33.43, a price-to-earnings-growth 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. The business’s 50-day moving average price is C$72.47 and its 200-day moving average price is C$69.39. The company has a current ratio of 1.27, a quick ratio of 0.65 and a debt-to-equity ratio of 59.10.

Nutrien Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 10th. Investors of record on Monday, March 31st were issued a $0.545 dividend. This is a boost from Nutrien’s previous quarterly dividend of $0.54. This represents a $2.18 dividend on an annualized basis and a yield of 3.07%. Nutrien’s dividend payout ratio (DPR) is currently 137.48%.

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.