Nutrien Ltd. (TSE:NTR) Receives Average Recommendation of “Moderate Buy” from Analysts

Nutrien Ltd. (TSE:NTR) has earned an average recommendation of “Moderate Buy” from the ten ratings firms that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation, three have given a buy recommendation and three have issued a strong buy recommendation on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is C$80.00.

A number of research firms recently issued reports on NTR. Jefferies Financial Group upgraded Nutrien from a “hold” rating to a “strong-buy” rating in a research report on Thursday, March 12th. Scotiabank upgraded Nutrien from a “hold” rating to a “sector outperform” rating and set a C$80.00 target price on the stock in a research note on Tuesday, June 30th. Berenberg Bank lowered shares of Nutrien from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, June 10th. Wells Fargo & Company upgraded shares of Nutrien from a “hold” rating to a “strong-buy” rating in a research report on Friday, March 13th. Finally, UBS Group cut shares of Nutrien from a “hold” rating to a “strong sell” rating in a research report on Thursday, March 26th.

Insiders Place Their Bets

In other Nutrien news, insider Mark Thompson purchased 279 shares of the firm’s stock in a transaction dated Thursday, June 18th. The stock was bought at an average price of C$89.86 per share, with a total value of C$25,070.94. Following the completion of the purchase, the insider owned 37,367 shares in the company, valued at C$3,357,798.62. This trade represents a 0.75% increase in their position. Also, insider Noralee Bradley acquired 300 shares of the business’s stock in a transaction that occurred on Friday, June 26th. The shares were bought at an average price of C$86.16 per share, for a total transaction of C$25,848.00. Following the completion of the purchase, the insider owned 6,155 shares of the company’s stock, valued at approximately C$530,314.80. This represents a 5.12% increase in their ownership of the stock. Insiders have bought 8,141 shares of company stock valued at $766,436 in the last quarter. 0.03% of the stock is owned by insiders.

Nutrien Stock Performance

Shares of TSE:NTR traded up C$1.31 during trading on Tuesday, reaching C$93.10. 44,358 shares of the company’s stock traded hands, compared to its average volume of 1,738,613. The stock has a market capitalization of C$44.69 billion, a P/E ratio of 18.96, a price-to-earnings-growth ratio of 1.15 and a beta of 0.71. Nutrien has a 12 month low of C$74.77 and a 12 month high of C$116.95. The company has a 50 day moving average of C$94.50 and a 200-day moving average of C$95.97. The company has a debt-to-equity ratio of 55.44, a current ratio of 1.24 and a quick ratio of 0.65.

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

Nutrien Announces Dividend

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

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.