Nutrien (TSE:NTR) Upgraded at The Goldman Sachs Group

The Goldman Sachs Group upgraded shares of Nutrien (TSE:NTRFree Report) to a strong sell rating in a research note released on Thursday,Zacks.com reports.

A number of other equities analysts also recently weighed in on NTR. Raymond James raised shares of Nutrien from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, December 3rd. Barclays cut shares of Nutrien from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 21st. Finally, Piper Sandler upgraded shares of Nutrien from a “strong sell” rating to a “strong-buy” rating in a report on Monday, January 13th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a strong buy rating to the company. According to MarketBeat, Nutrien presently has a consensus rating of “Hold” and a consensus price target of C$59.00.

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Nutrien Price Performance

NTR stock opened at C$72.96 on Thursday. Nutrien has a 1 year low of C$60.74 and a 1 year high of C$83.14. The company has a market cap of C$25.12 billion, a P/E ratio of 34.35, a PEG ratio of 1.15 and a beta of 0.95. The firm has a 50-day moving average of C$73.59 and a 200 day moving average of C$68.34. 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 Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Monday, March 31st will be given a dividend of $0.545 per share. This represents a $2.18 annualized dividend and a dividend yield of 2.99%. This is an increase from Nutrien’s previous quarterly dividend of $0.54. Nutrien’s dividend payout ratio (DPR) is presently 137.48%.

Insider Activity

In related news, Senior Officer Mark Thompson purchased 1,350 shares of Nutrien stock in a transaction on Monday, March 3rd. The shares were bought at an average cost of C$71.89 per share, for a total transaction of C$97,051.50. Also, Director Kenneth Alvin Seitz purchased 10,490 shares of Nutrien stock in a transaction on Tuesday, December 24th. The stock was bought at an average price of C$64.04 per share, for a total transaction of C$671,779.60. Insiders have bought 18,840 shares of company stock worth $1,285,304 in the last three months. Company insiders own 0.03% of the company’s stock.

About Nutrien

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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.

Further Reading

Analyst Recommendations for Nutrien (TSE:NTR)

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