Brokerages Set Nutrien Ltd. (TSE:NTR) PT at C$74.33

Shares of Nutrien Ltd. (TSE:NTR) have received an average rating of “Buy” from the ten brokerages that are covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, two have given a hold rating, three have given a buy rating and four have assigned a strong buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is C$74.33.

A number of equities analysts have recently commented on NTR shares. Raymond James Financial raised shares of Nutrien from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, May 5th. Berenberg Bank cut shares of Nutrien from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, June 10th. BNP Paribas Exane upgraded Nutrien from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 28th. Barclays upgraded Nutrien from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 27th. Finally, Jefferies Financial Group downgraded Nutrien from a “buy” rating to a “hold” rating and decreased their target price for the stock from C$96.00 to C$63.00 in a research report on Thursday, July 16th.

Insider Activity at Nutrien

In other news, insider Mark Thompson acquired 279 shares of the stock in a transaction on Thursday, June 18th. The stock was bought at an average price of C$89.86 per share, with a total value of C$25,070.94. Following the completion of the transaction, the insider directly owned 37,367 shares of the company’s stock, valued at C$3,357,798.62. The trade was a 0.75% increase in their ownership of the stock. Also, insider Noralee Bradley acquired 300 shares of the company’s stock in a transaction dated Friday, June 26th. The shares were purchased at an average price of C$86.16 per share, for a total transaction of C$25,848.00. Following the purchase, the insider directly owned 6,155 shares of the company’s stock, valued at approximately C$530,314.80. This trade represents a 5.12% increase in their ownership of the stock. Insiders acquired 841 shares of company stock valued at $75,932 in the last ninety days. 0.03% of the stock is owned by corporate insiders.

Nutrien Stock Down 4.0%

NTR opened at C$89.89 on Friday. Nutrien has a 1 year low of C$74.77 and a 1 year high of C$116.95. The firm has a 50 day moving average price of C$93.00 and a 200 day moving average price of C$97.43. The company has a debt-to-equity ratio of 55.44, a quick ratio of 0.65 and a current ratio of 1.24. The company has a market cap of C$43.15 billion, a PE ratio of 18.31, a price-to-earnings-growth ratio of 1.15 and a beta of 0.68.

Nutrien (TSE:NTR) last announced its quarterly earnings results on Wednesday, August 5th. The company reported C$3.71 earnings per share for the quarter. Nutrien had a net margin of 8.61% and a return on equity of 9.49%. The firm had revenue of C$15.36 billion for the quarter. Sell-side analysts expect that Nutrien will post 5.3416399 earnings per share for the current year.

Nutrien Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, July 17th. Shareholders of record on Friday, July 17th were issued a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date was Tuesday, June 30th. Nutrien’s dividend payout ratio is currently 44.50%.

Nutrien Company Profile

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.