Nutrien Ltd. (TSE:NTR) Receives C$59.00 Consensus Target Price from Brokerages

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

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

Nutrien Stock Down 4.8 %

NTR opened at C$71.62 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 fifty day moving average of C$74.13 and a 200-day moving average of C$68.81. Nutrien has a fifty-two week low of C$60.74 and a fifty-two week high of C$83.14. The company has a market capitalization of C$24.66 billion, a P/E ratio of 33.72, a P/E/G ratio of 1.15 and a beta of 0.95.

Nutrien Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Monday, March 31st will be given 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 dividend yield of 3.04%. Nutrien’s dividend payout ratio is currently 137.48%.

Insider Buying and Selling at Nutrien

In other news, Director Michael Jeremiah Hennigan purchased 5,000 shares of Nutrien stock in a transaction dated Monday, February 24th. The shares were bought at an average cost of C$73.98 per share, for a total transaction of C$369,910.00. Also, Senior Officer Mark Thompson bought 500 shares of Nutrien stock in a transaction on Tuesday, March 25th. The shares were acquired at an average cost of C$72.61 per share, for a total transaction of C$36,305.00. Insiders have acquired a total of 8,850 shares of company stock worth $649,830 over the last 90 days. Insiders own 0.03% of the company’s stock.

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.