Nutrien Ltd. (TSE:NTR) Receives C$74.33 Average PT from Brokerages

by · The Markets Daily

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

A number of analysts have recently commented on the stock. 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 note on Thursday, July 16th. BNP Paribas Exane raised shares of Nutrien from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 28th. Scotiabank upgraded Nutrien from a “hold” rating to a “sector outperform” rating and set a C$80.00 price objective on the stock in a report on Tuesday, June 30th. National Bank Financial lowered Nutrien from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 25th. Finally, KeyCorp raised Nutrien to a “hold” rating in a report on Thursday, September 10th.

Check Out Our Latest Research Report on NTR

Insider Activity at Nutrien

In other news, insider Noralee Bradley acquired 300 shares of Nutrien stock in a transaction that occurred on Friday, June 26th. The stock was purchased at an average cost of C$86.16 per share, with a total value of C$25,848.00. Following the purchase, the insider owned 6,155 shares in the company, valued at C$530,314.80. This trade represents a 5.12% increase in their ownership of the stock. Insiders own 0.03% of the company’s stock.

Nutrien Trading Up 1.7%

Shares of Nutrien stock opened at C$106.23 on Friday. The firm has a 50-day simple moving average of C$100.77 and a two-hundred day simple moving average of C$98.99. The company has a market cap of C$50.69 billion, a P/E ratio of 21.50, a price-to-earnings-growth ratio of 1.15 and a beta of 0.66. Nutrien has a fifty-two week low of C$74.77 and a fifty-two week high of C$116.95. The company has a debt-to-equity ratio of 49.14, a quick ratio of 0.65 and a current ratio of 1.39.

Nutrien (TSE:NTR – Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The company reported C$3.71 earnings per share for the quarter. The firm had revenue of C$15.36 billion during the quarter. Nutrien had a return on equity of 9.27% and a net margin of 8.44%. As a group, equities analysts predict that Nutrien will post 5.3416399 earnings per share for the current fiscal year.

Nutrien Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, July 17th. Stockholders of record on Friday, July 17th were paid a $0.55 dividend. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.1%. Nutrien’s payout ratio is currently 44.33%.

About Nutrien

(Get Free Report)

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.

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