Nutrien Ltd. (TSE:NTR) Receives C$59.00 Average Price Target from Analysts

Nutrien Ltd. (TSE:NTR) has received a consensus recommendation of “Hold” from the six research firms that are presently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is C$59.00.

NTR has been the subject of several recent research reports. Raymond James raised shares of Nutrien from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, December 3rd. The Goldman Sachs Group raised shares of Nutrien to a “strong sell” rating in a report on Thursday, March 13th. Piper Sandler raised shares of Nutrien from a “strong sell” rating to a “strong-buy” rating in a report on Monday, January 13th. Finally, Barclays lowered shares of Nutrien from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 21st.

Insider Activity

In other Nutrien news, Director Michael Jeremiah Hennigan acquired 5,000 shares of the stock in a transaction that occurred on Monday, February 24th. The stock was acquired at an average price of C$73.98 per share, with a total value of C$369,910.00. Also, Director Kenneth Alvin Seitz bought 10,490 shares of the firm’s stock in a transaction on Tuesday, December 24th. The stock was purchased at an average price of C$64.04 per share, with a total value of C$671,779.60. In the last 90 days, insiders have purchased 18,840 shares of company stock worth $1,285,304. 0.03% of the stock is currently owned by corporate insiders.

Nutrien Stock Performance

TSE:NTR opened at C$75.32 on Wednesday. The company has a quick ratio of 0.65, a current ratio of 1.27 and a debt-to-equity ratio of 59.10. The company has a market cap of C$25.93 billion, a P/E ratio of 35.46, a P/E/G ratio of 1.15 and a beta of 0.95. Nutrien has a fifty-two week low of C$60.74 and a fifty-two week high of C$83.14. The firm’s 50 day moving average is C$74.15 and its two-hundred day moving average is C$68.70.

Nutrien Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Monday, March 31st will be paid a $0.545 dividend. This represents a $2.18 dividend on an annualized basis and a dividend yield of 2.89%. This is a positive change from Nutrien’s previous quarterly dividend of $0.54. Nutrien’s dividend payout ratio is 137.48%.

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.