Nutrien Ltd. (TSE:NTR) Receives C$64.50 Average Target Price from Analysts

Shares of Nutrien Ltd. (TSE:NTR) have been given an average rating of “Hold” by the five brokerages that are currently covering the firm, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is C$64.50.

A number of equities analysts have commented on NTR shares. UBS Group lowered Nutrien from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 10th. The Goldman Sachs Group lowered Nutrien from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 10th. Wells Fargo & Company lowered Nutrien from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 24th. Mizuho upgraded Nutrien from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 16th. Finally, Hsbc Global Res upgraded Nutrien to a “moderate sell” rating in a research note on Friday, August 2nd.

Nutrien Stock Performance

NTR opened at C$66.52 on Friday. Nutrien has a 12-month low of C$60.74 and a 12-month high of C$83.14. The stock has a market cap of C$32.91 billion, a price-to-earnings ratio of 30.10, a PEG ratio of 1.15 and a beta of 0.95. The business has a 50 day moving average of C$64.74 and a 200-day moving average of C$69.96. The company has a quick ratio of 0.65, a current ratio of 1.26 and a debt-to-equity ratio of 53.14.

Nutrien (TSE:NTR) last released its quarterly earnings results on Wednesday, August 7th. The company reported C$3.18 earnings per share for the quarter, topping the consensus estimate of C$2.87 by C$0.31. The business had revenue of C$13.90 billion during the quarter, compared to analysts’ expectations of C$14.92 billion. Nutrien had a return on equity of 3.22% and a net margin of 3.06%. On average, equities research analysts expect that Nutrien will post 5.3416399 earnings per share for the current year.

Nutrien Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Friday, September 27th were issued a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a yield of 3.25%. The ex-dividend date was Friday, September 27th. Nutrien’s payout ratio is presently 132.13%.

Insiders Place Their Bets

In other Nutrien news, Senior Officer Mark Thompson acquired 630 shares of the company’s stock in a transaction dated Friday, August 9th. The shares were bought at an average cost of C$62.61 per share, with a total value of C$39,444.30. In other news, Director Keith Martell bought 1,250 shares of the firm’s stock in a transaction that occurred on Thursday, September 19th. The stock was acquired at an average cost of C$65.23 per share, with a total value of C$81,537.50. Also, Senior Officer Mark Thompson acquired 630 shares of the firm’s stock in a transaction on Friday, August 9th. The shares were bought at an average cost of C$62.61 per share, with a total value of C$39,444.30. In the last three months, insiders have purchased 12,710 shares of company stock valued at $814,824. 0.03% of the stock is currently owned by company insiders.

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.