Nutrien Ltd. (TSE:NTR) Receives C$64.50 Consensus Target Price from Brokerages

Shares of Nutrien Ltd. (TSE:NTR) have been given a consensus rating of “Hold” by the seven ratings firms that are currently covering the firm, MarketBeat reports. Five research analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is C$64.50.

A number of analysts recently weighed in on the company. Raymond James upgraded Nutrien from a “hold” rating to a “moderate buy” rating in a report on Tuesday, December 3rd. Barclays downgraded Nutrien from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 21st. Piper Sandler upgraded shares of Nutrien from a “strong sell” rating to a “strong-buy” rating in a research report on Monday, January 13th. Finally, UBS Group cut shares of Nutrien from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 10th.

Insider Activity

In other Nutrien news, Senior Officer Mark Thompson purchased 490 shares of Nutrien stock in a transaction that occurred on Monday, November 18th. The stock was acquired at an average price of C$63.99 per share, with a total value of C$31,355.10. Also, Director Kenneth Alvin Seitz acquired 10,490 shares of Nutrien stock in a transaction dated Tuesday, December 24th. The shares were acquired at an average price of C$64.04 per share, with a total value of C$671,779.60. Over the last 90 days, insiders have purchased 11,175 shares of company stock worth $716,056. Company insiders own 0.03% of the company’s stock.

Nutrien Stock Performance

TSE NTR opened at C$74.25 on Tuesday. The firm’s fifty day moving average price is C$68.96 and its two-hundred day moving average price is C$67.01. The stock has a market cap of C$36.74 billion, a PE ratio of 33.60, a PEG ratio of 1.15 and a beta of 0.95. The company has a debt-to-equity ratio of 53.14, a quick ratio of 0.65 and a current ratio of 1.26. Nutrien has a fifty-two week low of C$60.74 and a fifty-two week high of C$83.14.

Nutrien (TSE:NTR) last released its quarterly earnings data on Wednesday, November 6th. The company reported C$0.53 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.59 by C($0.06). Nutrien had a net margin of 3.06% and a return on equity of 3.22%. During the same period last year, the company posted $0.47 earnings per share. On average, equities analysts expect that Nutrien will post 5.3416399 EPS for the current fiscal year.

Nutrien Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Tuesday, December 31st were paid a $0.54 dividend. This represents a $2.16 annualized dividend and a yield of 2.91%. The ex-dividend date was Tuesday, December 31st. Nutrien’s dividend payout ratio (DPR) is currently 132.13%.

Nutrien Company Profile

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.