Nutrien Ltd. (TSE:NTR) Receives C$80.00 Consensus PT from Brokerages

Nutrien Ltd. (TSE:NTR) has received an average recommendation of “Moderate Buy” from the nine research firms that are currently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation, two have assigned a buy recommendation and three have given a strong buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is C$80.00.

Several brokerages recently issued reports on NTR. Berenberg Bank lowered Nutrien from a “strong-buy” rating to a “hold” rating in a report on Wednesday, June 10th. Wells Fargo & Company upgraded Nutrien from a “hold” rating to a “strong-buy” rating in a report on Friday, March 13th. UBS Group lowered Nutrien from a “hold” rating to a “strong sell” rating in a report on Thursday, March 26th. Raymond James Financial upgraded Nutrien from a “hold” rating to a “moderate buy” rating in a report on Tuesday, May 5th. Finally, Barclays upgraded Nutrien from a “hold” rating to a “strong-buy” rating in a report on Monday, April 27th.

Nutrien Price Performance

Shares of TSE:NTR opened at C$88.75 on Friday. 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 has a 1 year low of C$74.77 and a 1 year high of C$116.95. The business has a fifty day simple moving average of C$97.13 and a 200 day simple moving average of C$95.58. The firm has a market cap of C$42.60 billion, a price-to-earnings ratio of 18.08, a P/E/G ratio of 1.15 and a beta of 0.75.

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

Nutrien Dividend Announcement

The business 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 dividend of $0.55 per share. This represents a $2.20 annualized dividend and a yield of 2.5%. The ex-dividend date is Tuesday, June 30th. Nutrien’s dividend payout ratio (DPR) is 44.50%.

Insider Buying and Selling

In related news, insider Noralee Bradley bought 1,000 shares of the business’s stock in a transaction on Friday, May 8th. The shares were bought at an average cost of C$93.42 per share, for a total transaction of C$93,420.00. Following the completion of the acquisition, the insider directly owned 5,855 shares in the company, valued at approximately C$546,974.10. This represents a 20.60% increase in their ownership of the stock. Also, Director Kenneth Alvin Seitz bought 3,900 shares of the business’s stock in a transaction on Friday, May 8th. The shares were bought at an average price of C$94.52 per share, for a total transaction of C$368,628.00. Following the completion of the acquisition, the director owned 47,513 shares of the company’s stock, valued at approximately C$4,490,928.76. This represents a 8.94% increase in their ownership of the stock. Insiders have purchased 7,562 shares of company stock valued at $715,517 in the last three months. 0.03% of the stock is currently 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.