Nutrien Ltd. (TSE:NTR) Receives Average Rating of “Hold” from Brokerages

Shares of Nutrien Ltd. (TSE:NTR) have earned a consensus recommendation of “Hold” from the six research firms that are presently covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a sell rating and three have issued a buy rating on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is C$72.25.

A number of research analysts recently weighed in on NTR shares. Barclays cut their target price on shares of Nutrien from C$68.00 to C$64.00 and set an “underweight” rating for the company in a report on Friday, October 20th. Royal Bank of Canada reduced their target price on shares of Nutrien from C$85.00 to C$80.00 and set an “outperform” rating on the stock in a report on Friday, November 3rd.

Nutrien Price Performance

Shares of Nutrien stock opened at C$74.94 on Tuesday. The firm has a market cap of C$37.06 billion, a PE ratio of 12.31, a PEG ratio of 0.36 and a beta of 0.98. The stock has a 50 day moving average of C$81.18 and a 200 day moving average of C$82.17. The company has a current ratio of 1.25, a quick ratio of 0.65 and a debt-to-equity ratio of 59.48. Nutrien has a 12 month low of C$70.69 and a 12 month high of C$113.32.

Nutrien Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 12th. Stockholders of record on Friday, December 29th will be issued a $0.53 dividend. The ex-dividend date is Thursday, December 28th. This represents a $2.12 annualized dividend and a dividend yield of 2.83%. Nutrien’s dividend payout ratio (DPR) is presently 48.28%.

Nutrien Company Profile

Nutrien Ltd. provides crop inputs and services. The company operates through Retail, Potash, Nitrogen, and Phosphate segments. The Retail segment distributes crop nutrients, crop protection products, seeds, and merchandise products. The Potash segment provides granular and standard potash products. The Nitrogen segment offers ammonia, urea, urea ammonium nitrate, industrial grade ammonium nitrate, and ammonium sulfate.