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

Shares of Nutrien Ltd. (TSE:NTR) have earned a consensus rating of “Hold” from the five research firms that are covering the stock, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is C$64.50.

NTR has been the topic of a number of recent research reports. Wells Fargo & Company lowered shares of Nutrien from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 24th. Raymond James upgraded shares of Nutrien from a “hold” rating to a “moderate buy” rating in a report on Tuesday, December 3rd. The Goldman Sachs Group cut shares of Nutrien from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 10th. Finally, UBS Group cut Nutrien from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 10th.

Insider Buying and Selling

In other Nutrien news, Senior Officer Mark Thompson bought 490 shares of the business’s stock in a transaction dated 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. Also, Director Kenneth Alvin Seitz purchased 10,490 shares of Nutrien stock in a transaction that occurred on Tuesday, December 24th. The stock was acquired at an average price of C$64.04 per share, with a total value of C$671,779.60. Insiders have purchased 11,175 shares of company stock worth $716,056 in the last ninety days. 0.03% of the stock is owned by corporate insiders.

Nutrien Price Performance

Shares of TSE NTR opened at C$69.30 on Friday. The company has a debt-to-equity ratio of 53.14, a current ratio of 1.26 and a quick ratio of 0.65. The company has a market cap of C$34.29 billion, a price-to-earnings ratio of 31.36, a price-to-earnings-growth ratio of 1.15 and a beta of 0.95. The stock’s 50-day moving average is C$66.24 and its two-hundred day moving average is C$66.52. Nutrien has a 1-year low of C$60.74 and a 1-year high of C$83.14.

Nutrien Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Tuesday, December 31st will be issued a $0.54 dividend. This represents a $2.16 annualized dividend and a dividend yield of 3.12%. The ex-dividend date is Tuesday, December 31st. Nutrien’s payout ratio is 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.