Nutrien Ltd. (TSE:NTR) Given Average Recommendation of “Hold” by Brokerages

Nutrien Ltd. (TSE:NTR) has earned an average rating of “Hold” from the five research firms that are currently covering the firm, MarketBeat.com reports. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is C$64.50.

Several research analysts have recently commented on NTR shares. Wells Fargo & Company lowered shares of Nutrien from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 24th. UBS Group downgraded shares of Nutrien from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 10th. Finally, Raymond James raised shares of Nutrien from a “hold” rating to a “moderate buy” rating in a report on Tuesday, December 3rd.

Nutrien Stock Performance

Shares of NTR opened at C$69.17 on Friday. The company’s fifty day moving average is C$66.34 and its 200-day moving average is C$66.49. Nutrien has a 12 month low of C$60.74 and a 12 month high of C$83.14. The firm has a market cap of C$34.22 billion, a price-to-earnings ratio of 31.30, a price-to-earnings-growth ratio of 1.15 and a beta of 0.95. The company has a quick ratio of 0.65, a current ratio of 1.26 and a debt-to-equity ratio of 53.14.

Nutrien Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Tuesday, December 31st will be issued a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a yield of 3.12%. The ex-dividend date is Tuesday, December 31st. Nutrien’s dividend payout ratio (DPR) is presently 132.13%.

Insider Buying and Selling at Nutrien

In related news, Director Kenneth Alvin Seitz purchased 10,490 shares of Nutrien stock in a transaction on Tuesday, December 24th. The stock was purchased at an average cost of C$64.04 per share, with a total value of C$671,779.60. Also, Senior Officer Mark Thompson purchased 490 shares of Nutrien stock in a transaction on 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. Insiders purchased a total of 11,175 shares of company stock valued at $716,056 in the last ninety days. Company insiders own 0.03% of the company’s stock.

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.