Nutrien Ltd. (TSE:NTR) Director Buys C$369,910.00 in Stock

Nutrien Ltd. (TSE:NTR) Director Michael Jeremiah Hennigan acquired 5,000 shares of the business’s stock in a transaction dated Monday, February 24th. The shares were bought at an average price of C$73.98 per share, for a total transaction of C$369,910.00.

Nutrien Stock Performance

Shares of TSE NTR opened at C$76.30 on Thursday. The company has a 50 day simple moving average of C$71.50 and a two-hundred day simple moving average of C$67.63. The stock has a market cap of C$26.27 billion, a price-to-earnings ratio of 35.92, a PEG 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. Nutrien Ltd. has a 12 month low of C$60.74 and a 12 month high of C$83.14.

Nutrien Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Investors of record on Monday, March 31st will be given a dividend of $0.545 per share. This is an increase from Nutrien’s previous quarterly dividend of $0.54. This represents a $2.18 dividend on an annualized basis and a yield of 2.86%. Nutrien’s payout ratio is currently 137.48%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Barclays lowered shares of Nutrien from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 21st. Raymond James raised Nutrien from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, December 3rd. Finally, Piper Sandler upgraded Nutrien from a “strong sell” rating to a “strong-buy” rating in a research note on Monday, January 13th. Five investment analysts have rated the stock with a hold rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of C$59.00.

About Nutrien

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.