Nutrien Ltd. (TSE:NTR) Receives C$74.33 Consensus Target Price from Analysts

Nutrien Ltd. (TSE:NTR) has earned a consensus recommendation of “Buy” from the ten brokerages that are presently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation, three have given a buy recommendation and four have issued a strong buy recommendation on the company. The average 12 month price target among brokers that have covered the stock in the last year is C$74.33.

NTR has been the topic of a number of research analyst reports. Barclays raised shares of Nutrien from a “hold” rating to a “strong-buy” rating in a report on Monday, April 27th. Berenberg Bank cut Nutrien from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, June 10th. BNP Paribas Exane raised shares of Nutrien from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 28th. Scotiabank raised Nutrien from a “hold” rating to a “sector outperform” rating and set a C$80.00 price objective on the stock in a report on Tuesday, June 30th. Finally, National Bank Financial upgraded shares of Nutrien to a “strong-buy” rating in a research report on Monday, July 13th.

Nutrien Stock Performance

Shares of Nutrien stock opened at C$96.76 on Friday. Nutrien has a one year low of C$74.77 and a one year high of C$116.95. The business has a 50-day simple moving average of C$93.21 and a 200-day simple moving average of C$97.46. The company has a debt-to-equity ratio of 55.44, a quick ratio of 0.65 and a current ratio of 1.24. The company has a market cap of C$46.45 billion, a PE ratio of 19.71, a P/E/G ratio of 1.15 and a beta of 0.71.

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

Nutrien Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 17th. Shareholders of record on Friday, July 17th were issued a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a yield of 2.3%. The ex-dividend date was Tuesday, June 30th. Nutrien’s dividend payout ratio (DPR) is 44.50%.

Insider Buying and Selling at Nutrien

In other news, insider Noralee Bradley bought 1,000 shares of the business’s stock in a transaction that occurred on Friday, May 8th. The stock was purchased at an average price of C$93.42 per share, with a total value of C$93,420.00. Following the purchase, the insider owned 5,855 shares of the company’s stock, valued at C$546,974.10. This trade represents a 20.60% increase in their position. Also, insider Christopher Reynolds acquired 2,400 shares of the business’s stock in a transaction dated Friday, May 8th. The stock was purchased at an average cost of C$95.19 per share, with a total value of C$228,456.00. Following the transaction, the insider owned 10,585 shares of the company’s stock, valued at approximately C$1,007,586.15. The trade was a 29.32% increase in their ownership of the stock. In the last quarter, insiders acquired 8,141 shares of company stock valued at $766,436. Company insiders own 0.03% of the company’s stock.

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.