Brokerages Set Nutrien Ltd. (TSE:NTR) PT at C$64.50

Nutrien Ltd. (TSE:NTR) has received a consensus rating of “Hold” from the six research firms that are covering the firm, MarketBeat.com reports. Five investment analysts have rated the stock with a hold recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is C$59.00.

A number of analysts recently weighed in on NTR shares. Raymond James raised shares of Nutrien from a “hold” rating to a “moderate buy” rating in a research report 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, Piper Sandler upgraded Nutrien from a “strong sell” rating to a “strong-buy” rating in a report on Monday, January 13th.

Insider Transactions at Nutrien

In other Nutrien news, Director Kenneth Alvin Seitz purchased 10,490 shares of the firm’s stock in a transaction dated Tuesday, December 24th. The stock was acquired at an average cost of C$64.04 per share, with a total value of C$671,779.60. Also, Director Michael Jeremiah Hennigan acquired 5,000 shares of the stock in a transaction that occurred on Monday, February 24th. The shares were acquired at an average cost of C$73.98 per share, with a total value of C$369,910.00. Insiders own 0.03% of the company’s stock.

Nutrien Stock Performance

TSE NTR opened at C$74.32 on Friday. The company has a debt-to-equity ratio of 59.10, a current ratio of 1.27 and a quick ratio of 0.65. Nutrien has a 1-year low of C$60.74 and a 1-year high of C$83.14. The firm has a market capitalization of C$25.59 billion, a P/E ratio of 34.99, a P/E/G ratio of 1.15 and a beta of 0.95. The business’s 50-day simple moving average is C$71.06 and its 200-day simple moving average is C$67.55.

Nutrien Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Monday, March 31st will be paid a dividend of $0.545 per share. This represents a $2.18 annualized dividend and a yield of 2.93%. This is a boost from Nutrien’s previous quarterly dividend of $0.54. Nutrien’s dividend payout ratio is presently 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.