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

Nutrien Ltd. (TSE:NTR) has been given an average recommendation of “Hold” by the six ratings firms that are presently covering the stock, Marketbeat.com reports. Five investment analysts have rated the stock with a hold recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is C$59.00.

A number of equities research analysts recently weighed in on NTR shares. Barclays downgraded Nutrien from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 21st. Raymond James raised Nutrien from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, December 3rd. Finally, Piper Sandler raised Nutrien from a “strong sell” rating to a “strong-buy” rating in a research report on Monday, January 13th.

Insiders Place Their Bets

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

Nutrien Price Performance

Shares of NTR stock opened at C$75.82 on Friday. Nutrien has a 1-year low of C$60.74 and a 1-year high of C$83.14. The stock’s 50-day moving average is C$71.98 and its 200 day moving average is C$67.74. The company has a market cap of C$26.10 billion, a P/E ratio of 35.70, a PEG ratio of 1.15 and a beta of 0.95. The company has a debt-to-equity ratio of 59.10, a current ratio of 1.27 and a quick ratio of 0.65.

Nutrien Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Monday, March 31st will be issued a $0.545 dividend. This represents a $2.18 annualized dividend and a yield of 2.88%. This is an increase from Nutrien’s previous quarterly dividend of $0.54. 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.