Nutrien Ltd. (TSE:NTR) Receives Consensus Rating of “Buy” from Brokerages

Shares of Nutrien Ltd. (TSE:NTRGet Rating) have been given an average recommendation of “Buy” by the thirteen analysts that are currently covering the stock, Marketbeat reports. Three analysts have rated the stock with a hold recommendation and ten have given a buy recommendation to the company. The average 1-year target price among brokers that have covered the stock in the last year is C$96.45.

A number of analysts recently weighed in on NTR shares. Atlantic Securities upgraded shares of Nutrien to a “hold” rating and set a C$79.00 target price for the company in a report on Friday, February 18th. Raymond James reissued a “buy” rating and set a C$121.00 price objective on shares of Nutrien in a research note on Friday, February 18th. TD Securities boosted their target price on Nutrien from C$83.00 to C$88.00 and gave the stock a “buy” rating in a research report on Tuesday, February 15th. Erste Group began coverage on Nutrien in a research report on Thursday. They issued a “buy” rating for the company. Finally, Citigroup boosted their price objective on Nutrien to C$158.00 and gave the stock a “buy” rating in a report on Tuesday, March 22nd.

Shares of Nutrien stock opened at C$141.34 on Friday. The business has a fifty day simple moving average of C$118.87 and a 200-day simple moving average of C$98.95. Nutrien has a fifty-two week low of C$66.05 and a fifty-two week high of C$142.20. The firm has a market cap of C$78.09 billion and a price-to-earnings ratio of 20.35. The company has a quick ratio of 0.47, a current ratio of 1.11 and a debt-to-equity ratio of 45.77.

Nutrien (TSE:NTRGet Rating) last issued its quarterly earnings results on Wednesday, February 16th. The company reported C$3.11 earnings per share for the quarter, beating the Zacks’ consensus estimate of C$2.88 by C$0.23. The business had revenue of C$9.16 billion during the quarter, compared to analyst estimates of C$8.12 billion. Analysts anticipate that Nutrien will post 12.9899996 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, April 14th. Stockholders of record on Thursday, March 31st were given a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.36%. This is a positive change from Nutrien’s previous quarterly dividend of $0.46. The ex-dividend date was Wednesday, March 30th. Nutrien’s dividend payout ratio is 26.50%.

About Nutrien (Get Rating)

Nutrien Ltd. provides crop inputs and services. It offers potash, nitrogen, phosphate, and sulfate products; and financial solutions. The company also distributes crop nutrients, crop protection products, seeds, and merchandise products through approximately 2,000 retail locations in the United States, Canada, South America, and Australia.

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Analyst Recommendations for Nutrien (TSE:NTR)

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