Nutrien Ltd. (TSE:NTR) Receives Average Recommendation of “Hold” from Analysts

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

Several analysts have recently issued reports on the stock. National Bank Financial upgraded shares of Nutrien to a “hold” rating in a research report on Thursday, September 4th. Raymond James Financial cut Nutrien from a “moderate buy” rating to a “hold” rating in a research note on Tuesday, June 17th. Finally, Scotiabank lowered Nutrien from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 14th.

Nutrien Price Performance

NTR stock opened at C$78.26 on Wednesday. Nutrien has a 52 week low of C$60.74 and a 52 week high of C$88.03. The company has a quick ratio of 0.65, a current ratio of 1.27 and a debt-to-equity ratio of 59.10. The company has a fifty day simple moving average of C$80.57 and a two-hundred day simple moving average of C$78.07. The firm has a market capitalization of C$38.03 billion, a P/E ratio of 28.15, a price-to-earnings-growth ratio of 1.15 and a beta of 1.11.

Nutrien Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Monday, September 29th will be paid a dividend of $0.545 per share. This represents a $2.18 annualized dividend and a yield of 2.8%. Nutrien’s payout ratio is 78.06%.

Insider Activity

In related news, Senior Officer Andrew Kelemen sold 6,638 shares of the stock in a transaction dated Monday, June 16th. The shares were sold at an average price of C$86.56, for a total value of C$574,611.83. Also, Senior Officer Christopher Reynolds sold 6,858 shares of the business’s stock in a transaction that occurred on Monday, June 16th. The shares were sold at an average price of C$85.37, for a total value of C$585,448.26. Over the last quarter, insiders have sold 42,822 shares of company stock valued at $3,632,828. 0.03% of the stock is currently owned by company insiders.

Nutrien Company Profile

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.