Nutrien Ltd. (TSE:NTR) Receives C$64.50 Average Price Target from Analysts

Nutrien Ltd. (TSE:NTR) has received a consensus recommendation of “Hold” from the five analysts that are currently covering the company, Marketbeat reports. Four investment analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is C$64.50.

Several research analysts recently issued reports on the stock. The Goldman Sachs Group lowered shares of Nutrien from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 10th. Hsbc Global Res upgraded Nutrien to a “moderate sell” rating in a research report on Friday, August 2nd. Wells Fargo & Company cut Nutrien from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 24th. Finally, UBS Group cut 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 purchased 490 shares of the stock in a transaction dated Monday, November 18th. The stock was bought at an average cost of C$63.99 per share, with a total value of C$31,355.10. Also, Director Keith Martell acquired 1,250 shares of Nutrien stock in a transaction that occurred on Thursday, September 19th. The shares were purchased at an average cost of C$65.23 per share, for a total transaction of C$81,537.50. In the last 90 days, insiders acquired 8,900 shares of company stock valued at $572,331. Company insiders own 0.03% of the company’s stock.

Nutrien Price Performance

The firm has a 50 day moving average price of C$65.53 and a 200 day moving average price of C$69.16. The company has a debt-to-equity ratio of 53.14, a quick ratio of 0.65 and a current ratio of 1.26. Nutrien has a twelve month low of C$60.74 and a twelve month high of C$83.14. The firm has a market cap of C$31.62 billion, a PE ratio of 28.92, a price-to-earnings-growth ratio of 1.15 and a beta of 0.95.

Nutrien Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Tuesday, December 31st will be paid a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a dividend yield of ?. The ex-dividend date is Tuesday, December 31st. Nutrien’s dividend payout ratio (DPR) is 132.13%.

Nutrien Company Profile

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.