Brokerages Set Nutrien Ltd. (TSE:NTR) Price Target at C$64.50

Shares of Nutrien Ltd. (TSE:NTR) have been assigned an average rating of “Hold” from the five ratings firms that are covering the company, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is C$64.50.

NTR has been the topic of several research reports. The Goldman Sachs Group downgraded Nutrien from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 10th. UBS Group lowered Nutrien from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 10th. Wells Fargo & Company downgraded Nutrien from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 24th. Finally, Raymond James upgraded shares of Nutrien from a “hold” rating to a “moderate buy” rating in a report on Tuesday, December 3rd.

Insider Activity at Nutrien

In other news, Senior Officer Mark Thompson purchased 490 shares of the business’s stock in a transaction on Monday, November 18th. The shares were acquired at an average cost of C$63.99 per share, with a total value of C$31,355.10. Also, Director Kenneth Alvin Seitz purchased 10,490 shares of Nutrien stock in a transaction dated Tuesday, December 24th. The shares were acquired at an average cost of C$64.04 per share, for a total transaction of C$671,779.60. Insiders have purchased a total of 11,175 shares of company stock valued at $716,056 over the last quarter. 0.03% of the stock is owned by corporate insiders.

Nutrien Price Performance

Shares of NTR stock opened at C$67.65 on Friday. The company has a market capitalization of C$33.47 billion, a P/E ratio of 30.61, a P/E/G ratio of 1.15 and a beta of 0.95. The company’s 50-day simple moving average is C$66.10 and its two-hundred day simple moving average is C$66.60. Nutrien has a one year low of C$60.74 and a one year high of C$83.14. The company has a debt-to-equity ratio of 53.14, a current ratio of 1.26 and a quick ratio of 0.65.

Nutrien Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Tuesday, December 31st will be given a $0.54 dividend. This represents a $2.16 annualized dividend and a dividend yield of 3.19%. The ex-dividend date of this dividend is Tuesday, December 31st. Nutrien’s payout ratio is 132.13%.

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.