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

Nutrien Ltd. (TSE:NTR) has been assigned an average recommendation of “Hold” from the seven analysts that are covering the stock, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold recommendation, one has issued a buy recommendation and one has assigned a strong buy recommendation 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$64.50.

A number of analysts recently weighed in on the stock. Barclays cut shares of Nutrien from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 21st. Raymond James raised Nutrien from a “hold” rating to a “moderate buy” rating in a research note 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.

Insider Activity

In other Nutrien news, Director Kenneth Alvin Seitz bought 10,490 shares of the stock in a transaction on Tuesday, December 24th. The shares were bought at an average price of C$64.04 per share, with a total value of C$671,779.60. Corporate insiders own 0.03% of the company’s stock.

Nutrien Stock Performance

Shares of NTR opened at C$74.82 on Friday. The company has a debt-to-equity ratio of 59.10, a current ratio of 1.27 and a quick ratio of 0.65. The firm’s 50 day moving average is C$70.91 and its 200-day moving average is C$67.52. Nutrien has a 12-month low of C$60.74 and a 12-month high of C$83.14. The stock has a market capitalization of C$25.76 billion, a P/E ratio of 35.23, a P/E/G ratio of 1.15 and a beta of 0.95.

Nutrien Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Monday, March 31st will be paid a dividend of $0.545 per share. This is an increase from Nutrien’s previous quarterly dividend of $0.54. This represents a $2.18 annualized dividend and a yield of 2.91%. Nutrien’s payout ratio 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.