Insider Buying: Nutrien Ltd. (TSE:NTR) Senior Officer Buys 300 Shares of Stock

Nutrien Ltd. (TSE:NTR) Senior Officer Noralee Bradley acquired 300 shares of the firm’s stock in a transaction dated Monday, September 16th. The stock was purchased at an average cost of C$63.98 per share, with a total value of C$19,194.00.

Noralee Bradley also recently made the following trade(s):

• On Tuesday, September 3rd, Noralee Bradley bought 160 shares of Nutrien stock. The stock was purchased at an average price of C$62.65 per share, with a total value of C$10,024.00.
• On Friday, August 16th, Noralee Bradley bought 215 shares of Nutrien stock. The stock was purchased at an average price of C$63.83 per share, with a total value of C$13,723.45.
• On Monday, August 12th, Noralee Bradley bought 150 shares of Nutrien stock. The stock was purchased at an average price of C$64.01 per share, with a total value of C$9,601.50.

Nutrien Price Performance

NTR stock remained flat at C$63.78 during trading on Wednesday. 2,572,126 shares of the company were exchanged, compared to its average volume of 1,399,313. The business’s fifty day moving average is C$65.77 and its 200-day moving average is C$70.93. The company has a market capitalization of C$31.56 billion, a P/E ratio of 29.53, a price-to-earnings-growth ratio of 0.36 and a beta of 0.96. Nutrien Ltd. has a twelve month low of C$60.74 and a twelve month high of C$86.14. The company has a debt-to-equity ratio of 53.14, a current ratio of 1.26 and a quick ratio of 0.65.

Nutrien (TSE:NTR) last announced its quarterly earnings results on Wednesday, August 7th. The company reported C$3.18 earnings per share (EPS) for the quarter, beating the consensus estimate of C$2.87 by C$0.31. Nutrien had a net margin of 3.06% and a return on equity of 3.22%. The firm had revenue of C$13.90 billion during the quarter, compared to analysts’ expectations of C$14.92 billion. On average, analysts forecast that Nutrien Ltd. will post 5.4593886 EPS for the current year.

Nutrien Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 18th. Investors of record on Friday, September 27th will be paid a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a yield of 3.39%. The ex-dividend date is Friday, September 27th. Nutrien’s dividend payout ratio is presently 137.96%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Mizuho upgraded shares of Nutrien from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 16th. The Goldman Sachs Group cut shares of Nutrien from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 10th. Finally, Hsbc Global Res upgraded shares of Nutrien to a “moderate sell” rating in a research report on Friday, August 2nd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, Nutrien currently has an average rating of “Hold” and a consensus target price of C$64.33.

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.