Nutrien Ltd. (TSE:NTR) Receives Average Recommendation of "Hold" from Brokerages

Shares of Nutrien Ltd. (TSE:NTR - Get Free Report) have earned an average recommendation of "Hold" from the six analysts that are currently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is C$59.00.

A number of equities research analysts have commented on the stock. Raymond James raised shares of Nutrien from a "hold" rating to a "moderate buy" rating in a research report on Tuesday, December 3rd. Barclays lowered Nutrien from a "strong-buy" rating to a "hold" rating in a report on Tuesday, January 21st. Piper Sandler raised Nutrien from a "strong sell" rating to a "strong-buy" rating in a report on Monday, January 13th. Finally, The Goldman Sachs Group upgraded Nutrien to a "strong sell" rating in a report on Thursday, March 13th.

Insider Activity at Nutrien

In other Nutrien news, Director Kenneth Alvin Seitz acquired 10,490 shares of the stock in a transaction on Tuesday, December 24th. The shares were bought at an average cost of C$64.04 per share, with a total value of C$671,779.60. Also, Director Michael Jeremiah Hennigan bought 5,000 shares of Nutrien stock in a transaction dated Monday, February 24th. The stock was acquired at an average cost of C$73.98 per share, with a total value of C$369,910.00. Insiders bought a total of 18,840 shares of company stock valued at $1,285,304 in the last three months. 0.03% of the stock is currently owned by company insiders.

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Nutrien Stock Up 0.3 %

Shares of NTR stock traded up C$0.24 during trading hours on Wednesday, reaching C$75.32. 4,431,299 shares of the stock were exchanged, compared to its average volume of 1,773,156. The business's fifty day moving average is C$74.15 and its two-hundred day moving average is C$68.70. The firm has a market capitalization of C$25.93 billion, a P/E ratio of 35.46, a P/E/G ratio of 1.15 and a beta of 0.95. Nutrien has a 12-month low of C$60.74 and a 12-month high of C$83.14. The company has a debt-to-equity ratio of 59.10, a current ratio of 1.27 and a quick ratio of 0.65.

Nutrien Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Stockholders of record on Monday, March 31st will be given a dividend of $0.545 per share. This represents a $2.18 dividend on an annualized basis and a dividend yield of 2.89%. This is a boost from Nutrien's previous quarterly dividend of $0.54. Nutrien's payout ratio is 137.48%.

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.