Nutrien Ltd. (TSE:NTR) Given Average Rating of “Hold” by Analysts

Nutrien Ltd. (TSE:NTR) has been given an average recommendation of “Hold” by the nine research firms that are presently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and two have issued a strong buy rating on the company.

NTR has been the subject of a number of research analyst reports. The Goldman Sachs Group raised shares of Nutrien to a “strong sell” rating in a report on Thursday, March 13th. BNP Paribas raised shares of Nutrien to a “strong-buy” rating in a report on Wednesday, April 9th. Raymond James Financial downgraded shares of Nutrien from a “moderate buy” rating to a “hold” rating in a report on Tuesday, June 17th. Finally, Scotiabank downgraded shares of Nutrien from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 14th.

Insiders Place Their Bets

In other news, Senior Officer Mark Thompson acquired 400 shares of the firm’s stock in a transaction on Monday, March 31st. The shares were purchased at an average price of C$71.18 per share, for a total transaction of C$28,472.00. Also, Director Kenneth Alvin Seitz sold 29,326 shares of the business’s stock in a transaction dated Friday, June 13th. The shares were sold at an average price of C$84.32, for a total transaction of C$2,472,768.32. Over the last three months, insiders acquired 1,723 shares of company stock valued at $133,862 and sold 42,822 shares valued at $3,632,828. 0.03% of the stock is currently owned by insiders.

Nutrien Stock Down 1.6%

NTR opened at C$79.20 on Friday. The company has a fifty day moving average price of C$80.24 and a 200-day moving average price of C$74.45. The firm has a market capitalization of C$27.27 billion, a P/E ratio of 37.29, a price-to-earnings-growth ratio of 1.15 and a beta of 0.95. 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 has a one year low of C$60.74 and a one year high of C$88.03.

Nutrien Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 18th. Shareholders of record on Monday, June 30th will be paid a $0.545 dividend. This represents a $2.18 annualized dividend and a yield of 2.75%. Nutrien’s dividend payout ratio is presently 137.48%.

About Nutrien

Nutrien is the world’s largest fertilizer producer by capacity. Nutrien produces the three main crop nutrientsnitrogen, potash, and phosphatealthough its main focus is potash, where it is the global leader in installed capacity with roughly 20% share. The company is also the largest agricultural retailer in the United States, selling fertilizers, crop chemicals, seeds, and services directly to farm customers through its brick-and-mortar stores and online platforms.