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

Nutrien Ltd. (TSE:NTR) has been assigned a consensus recommendation of “Hold” from the seven brokerages that are presently covering the company, Marketbeat Ratings reports. Five analysts have rated the stock with a hold recommendation, one has assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among brokerages that have covered the stock in the last year is C$64.50.

NTR has been the topic of a number of recent analyst reports. Piper Sandler raised shares of Nutrien from a “strong sell” rating to a “strong-buy” rating in a research report on Monday, January 13th. Raymond James raised Nutrien from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, December 3rd. Barclays downgraded Nutrien from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 21st. Finally, UBS Group downgraded Nutrien from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 10th.

Insider Activity

In other news, Senior Officer Mark Thompson purchased 490 shares of the business’s stock in a transaction on Monday, November 18th. The shares were acquired at an average cost of C$63.99 per share, with a total value of C$31,355.10. Also, Director Kenneth Alvin Seitz acquired 10,490 shares of the firm’s stock in a transaction dated Tuesday, December 24th. The shares were acquired at an average price of C$64.04 per share, with a total value of C$671,779.60. Over the last 90 days, insiders have bought 11,175 shares of company stock worth $716,056. Company insiders own 0.03% of the company’s stock.

Nutrien Price Performance

Shares of Nutrien stock opened at C$75.50 on Tuesday. The stock has a market cap of C$37.35 billion, a price-to-earnings ratio of 34.16, a price-to-earnings-growth ratio of 1.15 and a beta of 0.95. The company has a debt-to-equity ratio of 53.14, a quick ratio of 0.65 and a current ratio of 1.26. The stock has a 50 day moving average price of C$67.86 and a 200-day moving average price of C$66.78. Nutrien has a one year low of C$60.74 and a one year high of C$83.14.

Nutrien (TSE:NTR) last posted its quarterly earnings data on Wednesday, November 6th. The company reported C$0.53 EPS for the quarter, missing the consensus estimate of C$0.59 by C($0.06). Nutrien had a return on equity of 3.22% and a net margin of 3.06%. During the same quarter in the previous year, the business earned $0.47 EPS. Equities analysts expect that Nutrien will post 5.3416399 EPS for the current year.

Nutrien Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Tuesday, December 31st were given a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a dividend yield of 2.86%. The ex-dividend date was Tuesday, December 31st. Nutrien’s payout ratio 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.