Nutrien Ltd. (TSE:NTR) Receives C$85.56 Average PT from Analysts

Nutrien Ltd. (TSE:NTR) has been assigned an average recommendation of “Buy” from the nine ratings firms that are currently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is C$85.56.

Several equities research analysts have recently commented on the stock. Royal Bank of Canada set a C$85.00 target price on shares of Nutrien and gave the company an “outperform” rating in a research note on Wednesday, January 5th. CIBC reiterated an “outperform” rating and set a C$99.00 price target on shares of Nutrien in a research report on Wednesday, October 13th. Tudor Pickering & Holt set a C$85.00 price target on shares of Nutrien and gave the stock an “outperform” rating in a research report on Wednesday, December 8th. TD Securities upped their price target on shares of Nutrien to C$102.00 and gave the stock a “buy” rating in a research report on Thursday, October 28th. Finally, Tudor Pickering reiterated an “outperform” rating and set a C$85.00 price target on shares of Nutrien in a research report on Wednesday, December 8th.

Shares of TSE:NTR traded up C$1.44 on Friday, hitting C$90.31. The stock had a trading volume of 1,092,929 shares, compared to its average volume of 1,626,631. Nutrien has a twelve month low of C$62.80 and a twelve month high of C$99.10. The company has a debt-to-equity ratio of 53.22, a quick ratio of 0.86 and a current ratio of 1.49. The firm’s 50 day moving average price is C$89.37 and its 200-day moving average price is C$82.42. The company has a market capitalization of C$51.55 billion and a price-to-earnings ratio of 17.83.

Nutrien (TSE:NTR) last issued its earnings results on Monday, November 1st. The company reported C$1.74 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of C$1.54 by C$0.20. The firm had revenue of C$7.59 billion during the quarter, compared to analyst estimates of C$7.15 billion. As a group, sell-side analysts predict that Nutrien will post 10.0500002 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 14th. Shareholders of record on Friday, December 31st will be issued a dividend of $0.46 per share. The ex-dividend date of this dividend is Thursday, December 30th. This represents a $1.84 annualized dividend and a yield of 2.04%. Nutrien’s dividend payout ratio is currently 36.12%.

About Nutrien

Nutrien Ltd. provides crop inputs, services, and solutions. The company offers potash, nitrogen, phosphate, and sulfate products; and financial solutions. It also distributes crop nutrients, crop protection products, seeds, and merchandise products through approximately 2,000 retail locations in the United States, Canada, South America, and Australia.

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Analyst Recommendations for Nutrien (TSE:NTR)

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