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

Shares of Nutrien Ltd. (TSE:NTR) have earned an average recommendation of “Hold” from the five brokerages that are currently covering the company, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is C$64.50.

A number of equities research analysts recently commented on the company. Wells Fargo & Company downgraded Nutrien from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 24th. UBS Group downgraded Nutrien from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 10th. The Goldman Sachs Group lowered shares of Nutrien from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 10th. Finally, Raymond James raised shares of Nutrien from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, December 3rd.

Insiders Place Their Bets

In other news, Senior Officer Mark Thompson purchased 3,155 shares of the stock in a transaction dated Wednesday, September 25th. The shares were acquired at an average cost of C$63.79 per share, for a total transaction of C$201,257.45. Also, Director Keith Martell acquired 1,250 shares of Nutrien stock in a transaction that occurred on Thursday, September 19th. The shares were purchased at an average price of C$65.23 per share, with a total value of C$81,537.50. Insiders have purchased 5,390 shares of company stock worth $346,265 in the last three months. Corporate insiders own 0.03% of the company’s stock.

Nutrien Stock Performance

TSE:NTR opened at C$68.63 on Monday. The stock has a 50-day moving average price of C$66.66 and a 200 day moving average price of C$68.12. The stock has a market capitalization of C$33.96 billion, a P/E ratio of 31.05, a P/E/G ratio of 1.15 and a beta of 0.95. Nutrien has a 12-month low of C$60.74 and a 12-month high of C$83.14. The company has a current ratio of 1.26, a quick ratio of 0.65 and a debt-to-equity ratio of 53.14.

Nutrien Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Tuesday, December 31st will be given a dividend of $0.54 per share. The ex-dividend date is Tuesday, December 31st. This represents a $2.16 annualized dividend and a dividend yield of 3.15%. Nutrien’s dividend payout ratio (DPR) is 132.13%.

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.