Nutrien Ltd. (TSE:NTR) Stock Has Average Target Price of C$74.33 According to Analysts

Nutrien Ltd. (TSE:NTR) has been assigned a consensus rating of “Moderate Buy” from the eleven analysts that are presently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, four have issued a hold recommendation, three have assigned a buy recommendation and three have given a strong buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is C$74.33.

Several research analysts have recently issued reports on NTR shares. Berenberg Bank downgraded Nutrien from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, June 10th. KeyCorp raised shares of Nutrien to a “hold” rating in a research note on Thursday, September 10th. National Bank Financial downgraded shares of Nutrien from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 25th. Jefferies Financial Group cut shares of Nutrien from a “buy” rating to a “hold” rating and cut their target price for the stock from C$96.00 to C$63.00 in a research report on Thursday, July 16th. Finally, Scotiabank raised shares of Nutrien from a “hold” rating to a “sector outperform” rating and set a C$80.00 price target on the stock in a report on Tuesday, June 30th.

Nutrien Stock Performance

TSE NTR opened at C$102.19 on Friday. The business has a 50 day moving average price of C$101.34 and a 200 day moving average price of C$99.05. The company has a market capitalization of C$48.77 billion, a P/E ratio of 20.69, a PEG ratio of 1.15 and a beta of 0.66. Nutrien has a 1-year low of C$74.77 and a 1-year high of C$116.95. The company has a debt-to-equity ratio of 49.14, a current ratio of 1.39 and a quick ratio of 0.65.

Nutrien (TSE:NTR) last posted its earnings results on Wednesday, August 5th. The company reported C$3.71 EPS for the quarter. The company had revenue of C$15.36 billion for the quarter. Nutrien had a return on equity of 9.27% and a net margin of 8.44%. Sell-side analysts expect that Nutrien will post 5.3416399 EPS for the current fiscal year.

Nutrien Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 17th. Investors of record on Friday, July 17th were given a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a dividend yield of 2.2%. The ex-dividend date was Tuesday, June 30th. Nutrien’s payout ratio is currently 44.33%.

About Nutrien

Nutrien is a leading global provider of crop inputs and services. We operate a world-class network of production, distribution and ag retail facilities that positions us to efficiently serve the needs of growers. We focus on creating long-term value by prioritizing investments that strengthen the advantages of our business across the ag value chain and by maintaining access to the resources and the relationships with stakeholders needed to achieve our goals.