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

Shares of Nutrien Ltd. (TSE:NTR) have been given an average recommendation of “Hold” by the five brokerages that are covering the company, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 12 month price target among brokerages that have covered the stock in the last year is C$64.50.

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

Insider Buying and Selling

In other news, Director Kenneth Alvin Seitz acquired 10,490 shares of Nutrien stock in a transaction that occurred on Tuesday, December 24th. The shares were bought at an average cost of C$64.04 per share, with a total value of C$671,779.60. Also, Senior Officer Mark Thompson acquired 490 shares of the firm’s stock in a transaction on Monday, November 18th. The stock was purchased at an average cost of C$63.99 per share, with a total value of C$31,355.10. Insiders purchased a total of 11,175 shares of company stock worth $716,056 over the last three months. 0.03% of the stock is owned by insiders.

Nutrien Stock Performance

NTR opened at C$67.65 on Friday. 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 market capitalization of C$33.47 billion, a price-to-earnings ratio of 30.61, a PEG ratio of 1.15 and a beta of 0.95. The company has a fifty day moving average of C$66.10 and a 200 day moving average of C$66.60. Nutrien has a fifty-two week low of C$60.74 and a fifty-two week high of C$83.14.

Nutrien Announces Dividend

The business 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. This represents a $2.16 annualized dividend and a dividend yield of 3.19%. The ex-dividend date is Tuesday, December 31st. Nutrien’s dividend payout ratio is currently 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.