Nutrien (TSE:NTR) Insider Acquires C$25,848.00 in Stock

Nutrien Ltd. (TSE:NTR) insider Noralee Bradley purchased 300 shares of the firm’s stock in a transaction dated Friday, June 26th. The shares were bought at an average cost of C$86.16 per share, with a total value of C$25,848.00. Following the purchase, the insider directly owned 6,155 shares of the company’s stock, valued at approximately C$530,314.80. This represents a 5.12% increase in their position.

Noralee Bradley also recently made the following trade(s):

• On Friday, May 8th, Noralee Bradley purchased 1,000 shares of Nutrien stock. The shares were purchased at an average cost of C$93.42 per share, for a total transaction of C$93,420.00.

Nutrien Stock Up 0.2%

Shares of Nutrien stock traded up C$0.19 during trading on Monday, hitting C$86.74. 316,479 shares of the stock traded hands, compared to its average volume of 1,715,489. The firm has a market cap of C$41.64 billion, a P/E ratio of 17.67, a price-to-earnings-growth ratio of 1.15 and a beta of 0.75. The company has a current ratio of 1.24, a quick ratio of 0.65 and a debt-to-equity ratio of 55.44. Nutrien Ltd. has a 52-week low of C$74.77 and a 52-week high of C$116.95. The stock’s fifty day simple moving average is C$95.37 and its 200 day simple moving average is C$95.75.

Nutrien (TSE:NTR) last released its quarterly earnings data on Wednesday, May 6th. The company reported C$0.71 earnings per share for the quarter. Nutrien had a return on equity of 9.49% and a net margin of 8.61%.The firm had revenue of C$8.41 billion during the quarter. On average, equities analysts predict that Nutrien Ltd. will post 5.3416399 earnings per share for the current fiscal year.

Nutrien Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 17th. Stockholders of record on Friday, July 17th will be given a $0.55 dividend. This represents a $2.20 annualized dividend and a dividend yield of 2.5%. The ex-dividend date of this dividend is Tuesday, June 30th. Nutrien’s dividend payout ratio is presently 44.50%.

Analysts Set New Price Targets

Several brokerages recently issued reports on NTR. Raymond James Financial raised shares of Nutrien from a “hold” rating to a “moderate buy” rating in a report on Tuesday, May 5th. Jefferies Financial Group raised Nutrien from a “hold” rating to a “strong-buy” rating in a research report on Thursday, March 12th. Berenberg Bank downgraded Nutrien from a “strong-buy” rating to a “hold” rating in a report on Wednesday, June 10th. Barclays upgraded Nutrien from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 27th. Finally, Wells Fargo & Company upgraded shares of Nutrien from a “hold” rating to a “strong-buy” rating in a report on Friday, March 13th. Three analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of C$80.00.

About Nutrien

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.