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

Nutrien Ltd. (TSE:NTR) has been given a consensus rating of “Hold” by the six research firms that are presently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, four have given a hold recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is C$59.00.

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

Nutrien Price Performance

NTR opened at C$74.48 on Wednesday. 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 stock has a market capitalization of C$25.64 billion, a P/E ratio of 35.07, a P/E/G ratio of 1.15 and a beta of 0.95. The company’s 50-day simple moving average is C$73.80 and its two-hundred day simple moving average is C$68.48. Nutrien has a 52-week low of C$60.74 and a 52-week high of C$83.14.

Nutrien Increases Dividend

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

Insider Activity

In other news, Director Michael Jeremiah Hennigan bought 5,000 shares of Nutrien stock in a transaction that occurred on Monday, February 24th. The stock was bought at an average cost of C$73.98 per share, with a total value of C$369,910.00. Also, Director Kenneth Alvin Seitz bought 10,490 shares of Nutrien stock in a transaction that occurred on Tuesday, December 24th. The stock was purchased at an average cost of C$64.04 per share, with a total value of C$671,779.60. Insiders acquired 18,840 shares of company stock valued at $1,285,304 in the last quarter. 0.03% of the stock is currently owned by insiders.

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.