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

The Goldman Sachs Group upgraded shares of Nutrien (TSE:NTR) 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.

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

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.