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

Nutrien Ltd. (TSE:NTR) has received a consensus rating of “Hold” from the seven analysts that are presently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a strong buy rating on the company. The average 12 month price target among brokerages that have covered the stock in the last year is C$59.00.

Several analysts recently commented on the stock. BNP Paribas raised shares of Nutrien to a “strong-buy” rating in a research note on Wednesday, April 9th. The Goldman Sachs Group upgraded Nutrien to a “strong sell” rating in a report on Thursday, March 13th. Barclays lowered Nutrien from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 21st. Finally, Piper Sandler upgraded Nutrien from a “strong sell” rating to a “strong-buy” rating in a report on Monday, January 13th.

Nutrien Price Performance

Shares of NTR opened at C$72.91 on Friday. Nutrien has a one year low of C$60.74 and a one year high of C$83.14. The stock’s fifty day moving average is C$72.45 and its 200-day moving average is C$69.55. The company has a debt-to-equity ratio of 59.10, a quick ratio of 0.65 and a current ratio of 1.27. The firm has a market capitalization of C$25.10 billion, a price-to-earnings ratio of 34.33, a price-to-earnings-growth ratio of 1.15 and a beta of 0.95.

Nutrien Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 10th. Investors of record on Monday, March 31st were paid a dividend of $0.545 per share. This represents a $2.18 annualized dividend and a 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%.

Insiders Place Their Bets

In other Nutrien news, Senior Officer Mark Thompson acquired 1,350 shares of the stock in a transaction dated 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 Julie Lagacy bought 2,000 shares of Nutrien stock in a transaction that occurred on Tuesday, March 11th. The shares were acquired at an average price of C$73.28 per share, with a total value of C$146,563.20. Insiders acquired 9,250 shares of company stock worth $678,302 over the last ninety days. 0.03% of the stock is currently owned by corporate insiders.

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.