Nutrien Ltd. (TSE:NTR) Director Acquires C$369,910.00 in Stock

Nutrien Ltd. (TSE:NTR) Director Michael Jeremiah Hennigan acquired 5,000 shares of the firm’s stock in a transaction that occurred on Monday, February 24th. The stock was purchased at an average price of C$73.98 per share, with a total value of C$369,910.00.

Nutrien Stock Down 0.5 %

TSE:NTR opened at C$76.30 on Thursday. The company’s 50-day simple moving average is C$71.50 and its 200-day simple moving average is C$67.63. The company has a debt-to-equity ratio of 59.10, a quick ratio of 0.65 and a current ratio of 1.27. Nutrien Ltd. has a fifty-two week low of C$60.74 and a fifty-two week high of C$83.14. The stock has a market capitalization of C$26.27 billion, a P/E ratio of 35.92, a P/E/G ratio of 1.15 and a beta of 0.95.

Nutrien Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Monday, March 31st will be paid a $0.545 dividend. This represents a $2.18 annualized dividend and a yield of 2.86%. This is an increase from Nutrien’s previous quarterly dividend of $0.54. Nutrien’s dividend payout ratio (DPR) is 137.48%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Piper Sandler upgraded shares of Nutrien from a “strong sell” rating to a “strong-buy” rating in a report on Monday, January 13th. Barclays downgraded shares of Nutrien from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 21st. Finally, Raymond James upgraded Nutrien from a “hold” rating to a “moderate buy” rating in a report on Tuesday, December 3rd. Five analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Nutrien presently has an average rating of “Hold” and a consensus price target of C$59.00.

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.