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

Nutrien Ltd. (TSE:NTR) has been given a consensus recommendation of “Hold” by the eight brokerages that are covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a strong buy rating to the company.

A number of research firms recently weighed in on NTR. Scotiabank downgraded Nutrien from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 14th. BNP Paribas raised Nutrien to a “strong-buy” rating in a research note on Wednesday, April 9th. Finally, Raymond James Financial cut Nutrien from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, June 17th.

Nutrien Stock Performance

Shares of NTR opened at C$81.06 on Tuesday. The company has a market cap of C$27.91 billion, a PE ratio of 38.17, a price-to-earnings-growth ratio of 1.15 and a beta of 0.95. The company has a current ratio of 1.27, a quick ratio of 0.65 and a debt-to-equity ratio of 59.10. The stock has a 50-day moving average price of C$82.04 and a 200-day moving average price of C$76.43. Nutrien has a 12-month low of C$60.74 and a 12-month high of C$88.03.

Nutrien Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, July 18th. Investors of record on Monday, June 30th were paid a $0.545 dividend. This represents a $2.18 annualized dividend and a yield of 2.69%. Nutrien’s payout ratio is 137.48%.

Insider Buying and Selling

In other news, Senior Officer Christopher Reynolds sold 6,858 shares of the company’s stock in a transaction on Monday, June 16th. The stock was sold at an average price of C$85.37, for a total transaction of C$585,448.26. Also, Director Kenneth Alvin Seitz sold 29,326 shares of the stock in a transaction that occurred on Friday, June 13th. The stock was sold at an average price of C$84.32, for a total transaction of C$2,472,768.32. Over the last ninety days, insiders have bought 1,323 shares of company stock valued at $105,390 and have sold 42,822 shares valued at $3,632,828. 0.03% of the stock is owned by insiders.

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.