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

Shares of Nutrien Ltd. (TSE:NTR) have received a consensus recommendation of “Hold” from the seven analysts that are covering the company, MarketBeat.com reports. Five analysts have rated the stock with a hold recommendation, one has issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is C$64.50.

Several equities research analysts have issued reports on the stock. Piper Sandler upgraded shares of Nutrien from a “strong sell” rating to a “strong-buy” rating in a research note on Monday, January 13th. Barclays downgraded Nutrien from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 21st. Raymond James upgraded Nutrien from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, December 3rd. Finally, UBS Group downgraded Nutrien from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 10th.

Insiders Place Their Bets

In related news, Senior Officer Mark Thompson acquired 490 shares of Nutrien stock in a transaction that occurred on Monday, November 18th. The stock was acquired at an average price of C$63.99 per share, for a total transaction of C$31,355.10. Also, Director Kenneth Alvin Seitz bought 10,490 shares of the company’s stock in a transaction on Tuesday, December 24th. The stock was bought at an average cost of C$64.04 per share, for a total transaction of C$671,779.60. Insiders acquired a total of 11,175 shares of company stock valued at $716,056 over the last 90 days. 0.03% of the stock is owned by company insiders.

Nutrien Stock Performance

TSE NTR opened at C$75.01 on Tuesday. The business’s 50-day moving average price is C$68.96 and its 200 day moving average price is C$67.01. The company has a current ratio of 1.26, a quick ratio of 0.65 and a debt-to-equity ratio of 53.14. Nutrien has a twelve month low of C$60.74 and a twelve month high of C$83.14. The company has a market capitalization of C$37.11 billion, a PE ratio of 33.94, a price-to-earnings-growth ratio of 1.15 and a beta of 0.95.

Nutrien (TSE:NTR) last released its earnings results on Wednesday, November 6th. The company reported C$0.53 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.59 by C($0.06). Nutrien had a return on equity of 3.22% and a net margin of 3.06%. During the same quarter last year, the firm earned $0.47 earnings per share. On average, research analysts predict that Nutrien will post 5.3416399 earnings per share for the current year.

Nutrien Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Tuesday, December 31st were given a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a dividend yield of 2.88%. The ex-dividend date was Tuesday, December 31st. Nutrien’s dividend payout ratio is currently 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.