Brokerages Set Nutrien Ltd. (TSE:NTR) PT at C$64.50

Nutrien Ltd. (TSE:NTR) has been given a consensus rating of “Hold” by the five analysts that are presently covering the stock, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is C$64.50.

A number of equities analysts have recently commented on NTR shares. UBS Group downgraded shares of Nutrien from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 10th. Raymond James upgraded shares of Nutrien from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, December 3rd. Finally, Wells Fargo & Company cut shares of Nutrien from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 24th.

Insider Buying and Selling at Nutrien

In related news, Director Kenneth Alvin Seitz acquired 10,490 shares of the stock in a transaction on Tuesday, December 24th. The stock was purchased at an average price of C$64.04 per share, for a total transaction of C$671,779.60. Also, Senior Officer Mark Thompson acquired 490 shares of the stock in a transaction on Monday, November 18th. The stock was bought at an average price of C$63.99 per share, with a total value of C$31,355.10. In the last 90 days, insiders purchased 11,175 shares of company stock worth $716,056. 0.03% of the stock is currently owned by corporate insiders.

Nutrien Price Performance

TSE:NTR opened at C$69.17 on Friday. The company has a 50-day moving average of C$66.34 and a 200-day moving average of C$66.49. The company has a market capitalization of C$34.22 billion, a price-to-earnings ratio of 31.30, a PEG ratio of 1.15 and a beta of 0.95. Nutrien has a 52 week low of C$60.74 and a 52 week high of C$83.14. 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 Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Tuesday, December 31st will be given a $0.54 dividend. This represents a $2.16 annualized dividend and a yield of 3.12%. The ex-dividend date is Tuesday, December 31st. Nutrien’s payout ratio is presently 132.13%.

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.