Nutrien Ltd. (TSE:NTR) Receives Consensus Recommendation of "Hold" from Analysts

Shares of Nutrien Ltd. (TSE:NTR - Get Free Report) have received an average recommendation of "Hold" from the seven research firms that are currently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and two have issued a strong buy recommendation on the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is C$59.00.

Several research firms have weighed in on NTR. Barclays cut Nutrien from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, January 21st. BNP Paribas raised Nutrien to a "strong-buy" rating in a report on Wednesday, April 9th. The Goldman Sachs Group upgraded shares of Nutrien to a "strong sell" rating in a research note on Thursday, March 13th. Finally, Piper Sandler upgraded shares of Nutrien from a "strong sell" rating to a "strong-buy" rating in a report on Monday, January 13th.

Nutrien Stock Down 1.6 %

TSE:NTR traded down C$1.20 during trading hours on Friday, hitting C$72.67. 2,561,657 shares of the stock traded hands, compared to its average volume of 1,930,638. The firm has a market cap of C$25.02 billion, a price-to-earnings ratio of 34.22, a PEG ratio of 1.15 and a beta of 0.95. The firm has a 50 day moving average price of C$72.45 and a 200 day moving average price of C$69.68. The company has a current ratio of 1.27, a quick ratio of 0.65 and a debt-to-equity ratio of 59.10. Nutrien has a fifty-two week low of C$60.74 and a fifty-two week high of C$83.14.

Nutrien Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 10th. Shareholders of record on Monday, March 31st were given a $0.545 dividend. This represents a $2.18 annualized dividend and a yield of 3.00%. This is a positive change from Nutrien's previous quarterly dividend of $0.54. Nutrien's dividend payout ratio (DPR) is currently 137.48%.

Insider Activity at Nutrien

In other news, Director Michael Jeremiah Hennigan bought 5,000 shares of Nutrien stock in a transaction dated Monday, February 24th. The shares were bought at an average price of C$73.98 per share, for a total transaction of C$369,910.00. Also, Senior Officer Mark Thompson acquired 1,350 shares of the firm's stock in a transaction on Monday, March 3rd. The shares were purchased at an average cost of C$71.89 per share, for a total transaction of C$97,051.50. Insiders have bought 9,250 shares of company stock worth $678,302 over the last three months. Company insiders own 0.03% of the company's stock.

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.