Analysts Set Nutrien Ltd. (TSE:NTR) Target Price at C$59.00

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

Several research firms recently commented on NTR. Barclays lowered shares of Nutrien from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 21st. The Goldman Sachs Group upgraded shares of Nutrien to a “strong sell” rating in a research report on Thursday, March 13th. Piper Sandler upgraded shares of Nutrien from a “strong sell” rating to a “strong-buy” rating in a research report on Monday, January 13th. Finally, Raymond James upgraded shares of Nutrien from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, December 3rd.

Insider Activity at Nutrien

In other Nutrien news, Director Michael Jeremiah Hennigan acquired 5,000 shares of Nutrien stock in a transaction dated 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 Julie Lagacy acquired 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, with a total value of C$146,563.20. In the last three months, insiders have bought 18,840 shares of company stock worth $1,285,304. 0.03% of the stock is owned by insiders.

Nutrien Trading Up 0.3 %

Nutrien stock opened at C$75.32 on Wednesday. The firm has a 50 day simple moving average of C$74.15 and a 200-day simple moving average of C$68.70. 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 stock has a market capitalization of C$25.93 billion, a PE ratio of 35.46, a price-to-earnings-growth 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.

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 paid a dividend of $0.545 per share. This is a positive change from Nutrien’s previous quarterly dividend of $0.54. This represents a $2.18 annualized dividend and a dividend yield of 2.89%. Nutrien’s dividend payout ratio is 137.48%.

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.