Brokerages Set Nutrien Ltd. (TSE:NTR) Price Target at C$80.00

Shares of Nutrien Ltd. (TSE:NTR) have been assigned a consensus recommendation of “Moderate Buy” from the nine brokerages that are currently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, three have given a hold recommendation, two have given a buy recommendation and three have issued a strong buy recommendation on the company. The average 12 month price objective among brokers that have covered the stock in the last year is C$80.00.

Several brokerages have weighed in on NTR. BNP Paribas Exane cut Nutrien from a “strong-buy” rating to a “hold” rating in a report on Monday, February 23rd. TD Securities upped their target price on Nutrien from C$72.00 to C$80.00 and gave the stock a “buy” rating in a report on Wednesday, February 18th. Wells Fargo & Company upgraded Nutrien from a “hold” rating to a “strong-buy” rating in a report on Friday, March 13th. UBS Group cut Nutrien from a “hold” rating to a “strong sell” rating in a report on Thursday, March 26th. Finally, Jefferies Financial Group upgraded Nutrien from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 12th.

Nutrien Stock Performance

Shares of Nutrien stock opened at C$91.71 on Friday. The stock’s fifty day moving average is C$97.79 and its two-hundred day moving average is C$95.46. The company has a market capitalization of C$44.02 billion, a PE ratio of 18.68, a price-to-earnings-growth ratio of 1.15 and a beta of 0.75. The company has a quick ratio of 0.65, a current ratio of 1.24 and a debt-to-equity ratio of 55.44. Nutrien has a 52 week low of C$74.77 and a 52 week high of C$116.95.

Nutrien (TSE:NTR) last announced its quarterly earnings data on Wednesday, May 6th. The company reported C$0.71 EPS for the quarter. The company had revenue of C$8.41 billion for the quarter. Nutrien had a return on equity of 9.49% and a net margin of 8.61%. As a group, analysts expect that Nutrien will post 5.3416399 earnings per share for the current year.

Nutrien Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 17th. Shareholders of record on Friday, July 17th will be issued a $0.55 dividend. This represents a $2.20 annualized dividend and a dividend yield of 2.4%. The ex-dividend date is Tuesday, June 30th. Nutrien’s dividend payout ratio is currently 44.50%.

Insider Transactions at Nutrien

In other news, insider Christopher Reynolds bought 2,400 shares of the stock in a transaction on Friday, May 8th. The stock was acquired at an average cost of C$95.19 per share, for a total transaction of C$228,456.00. Following the acquisition, the insider owned 10,585 shares of the company’s stock, valued at C$1,007,586.15. This represents a 29.32% increase in their ownership of the stock. Also, insider Mark Thompson bought 262 shares of the stock in a transaction on Wednesday, May 27th. The stock was purchased at an average price of C$95.47 per share, with a total value of C$25,013.14. Following the completion of the acquisition, the insider directly owned 36,277 shares in the company, valued at approximately C$3,463,365.19. This trade represents a 0.73% increase in their position. Insiders have acquired a total of 7,562 shares of company stock valued at $715,517 over the last 90 days. 0.03% of the stock is owned by corporate insiders.

Nutrien Company Profile

Nutrien is a leading global provider of crop inputs and services. We operate a world-class network of production, distribution and ag retail facilities that positions us to efficiently serve the needs of growers. We focus on creating long-term value by prioritizing investments that strengthen the advantages of our business across the ag value chain and by maintaining access to the resources and the relationships with stakeholders needed to achieve our goals.