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

Shares of Nutrien Ltd. (TSE:NTR) have received an average rating of “Hold” from the seven ratings firms that are currently covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a strong buy rating to the company.

Separately, National Bank Financial raised shares of Nutrien to a “hold” rating in a research note on Thursday, September 4th.

Nutrien Trading Down 0.9%

Shares of NTR opened at C$78.71 on Thursday. The stock’s 50-day moving average is C$80.40 and its two-hundred day moving average is C$80.26. The stock has a market cap of C$38.24 billion, a PE ratio of 28.31, a P/E/G ratio of 1.15 and a beta of 1.14. Nutrien has a 12 month low of C$62.89 and a 12 month high of C$88.03. 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 Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 17th. Investors of record on Friday, October 17th were issued a $0.545 dividend. This represents a $2.18 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date was Monday, September 29th. Nutrien’s payout ratio is presently 78.06%.

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.