Nutrien Ltd. (TSE:NTR) Receives C$64.50 Average Target Price from Analysts

Nutrien Ltd. (TSE:NTR - Get Free Report) has received a consensus rating of "Hold" from the seven analysts that are covering the stock, MarketBeat reports. Five investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is C$64.50.

A number of equities research analysts recently weighed in on NTR shares. Piper Sandler raised shares of Nutrien from a "strong sell" rating to a "strong-buy" rating in a report on Monday, January 13th. Barclays lowered shares of Nutrien from a "strong-buy" rating to a "hold" rating in a report on Tuesday, January 21st. Finally, Raymond James raised shares of Nutrien from a "hold" rating to a "moderate buy" rating in a report on Tuesday, December 3rd.

Insider Buying and Selling at Nutrien

In other Nutrien news, Director Kenneth Alvin Seitz purchased 10,490 shares of Nutrien stock in a transaction dated Tuesday, December 24th. The shares were bought at an average cost of C$64.04 per share, for a total transaction of C$671,779.60. 0.03% of the stock is currently owned by insiders.

Nutrien Trading Down 0.6 %

Shares of Nutrien stock traded down C$0.48 during trading hours on Friday, hitting C$74.82. The company's stock had a trading volume of 1,256,166 shares, compared to its average volume of 1,506,114. Nutrien has a 1-year low of C$60.74 and a 1-year high of C$83.14. The business has a fifty day moving average of C$70.91 and a 200 day moving average of C$67.52. The company has a market capitalization of C$25.76 billion, a PE ratio of 35.23, a P/E/G ratio of 1.15 and a beta of 0.95. The company has a quick ratio of 0.65, a current ratio of 1.27 and a debt-to-equity ratio of 59.10.

Nutrien Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Monday, March 31st will be paid a dividend of $0.545 per share. This represents a $2.18 dividend on an annualized basis and a yield of 2.91%. This is an increase from Nutrien's previous quarterly dividend of $0.54. Nutrien's dividend payout ratio is 137.48%.

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.