Nutrien Ltd. (TSE:NTR) Receives Consensus Rating of “Hold” from Analysts

Shares of Nutrien Ltd. (TSE:NTR) have received an average recommendation of “Hold” from the seven ratings firms that are presently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and two have given a strong buy recommendation to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is C$59.00.

Several research firms recently commented on NTR. The Goldman Sachs Group upgraded shares of Nutrien to a “strong sell” rating in a research note on Thursday, March 13th. Barclays downgraded shares of Nutrien from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 21st. Piper Sandler raised shares of Nutrien from a “strong sell” rating to a “strong-buy” rating in a research note on Monday, January 13th. Finally, BNP Paribas raised Nutrien to a “strong-buy” rating in a report on Wednesday.

Insider Buying and Selling at Nutrien

In other news, Director Michael Jeremiah Hennigan acquired 5,000 shares of the company’s stock in a transaction dated Monday, February 24th. The stock was acquired at an average cost of C$73.98 per share, with a total value of C$369,910.00. Also, Director Julie Lagacy purchased 2,000 shares of Nutrien stock in a transaction dated Tuesday, March 11th. The shares were acquired at an average cost of C$73.28 per share, for a total transaction of C$146,563.20. Insiders have bought 9,250 shares of company stock worth $678,302 in the last ninety days. 0.03% of the stock is owned by insiders.

Nutrien Trading Up 5.1 %

TSE:NTR opened at C$71.00 on Friday. 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 firm has a market cap of C$24.44 billion, a P/E ratio of 33.43, a P/E/G ratio of 1.15 and a beta of 0.95. The firm has a 50-day simple moving average of C$72.47 and a 200-day simple moving average of C$69.39. Nutrien has a one year low of C$60.74 and a one year high of C$83.14.

Nutrien Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 10th. Shareholders of record on Monday, March 31st were paid 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 3.07%. Nutrien’s dividend payout ratio (DPR) is 137.48%.

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.