Nutrien Ltd. (TSE:NTR) Receives Average Recommendation of “Moderate Buy” from Analysts

Nutrien Ltd. (TSE:NTR) has been assigned an average recommendation of “Moderate Buy” from the ten research firms that are covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, three have given a hold recommendation, three have issued a buy recommendation and three have assigned a strong buy recommendation to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is C$80.00.

A number of research firms have recently issued reports on NTR. 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 research report on Tuesday, June 30th. UBS Group lowered shares of Nutrien from a “hold” rating to a “strong sell” rating in a report on Thursday, March 26th. Berenberg Bank downgraded shares of Nutrien from a “strong-buy” rating to a “hold” rating in a report on Wednesday, June 10th. Barclays upgraded shares of Nutrien from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 27th. Finally, Raymond James Financial raised shares of Nutrien from a “hold” rating to a “moderate buy” rating in a research report on Tuesday, May 5th.

Nutrien Stock Performance

TSE:NTR traded up C$1.04 during trading hours on Tuesday, hitting C$92.54. 1,271,370 shares of the company traded hands, compared to its average volume of 1,751,268. The company has a current ratio of 1.24, a quick ratio of 0.65 and a debt-to-equity ratio of 55.44. Nutrien has a twelve month low of C$74.77 and a twelve month high of C$116.95. The firm has a 50-day moving average of C$93.83 and a 200 day moving average of C$96.14. The stock has a market capitalization of C$44.42 billion, a price-to-earnings ratio of 18.85, a P/E/G ratio of 1.15 and a beta of 0.71.

Nutrien (TSE:NTR) last posted its quarterly earnings data on Wednesday, May 6th. The company reported C$0.71 earnings per share (EPS) for the quarter. Nutrien had a net margin of 8.61% and a return on equity of 9.49%. The company had revenue of C$8.41 billion for the quarter. On average, analysts forecast that Nutrien will post 5.3416399 EPS for the current year.

Nutrien Announces Dividend

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

Insider Buying and Selling

In related news, insider Christopher Reynolds acquired 2,400 shares of the business’s stock in a transaction on Friday, May 8th. The stock was bought at an average cost of C$95.19 per share, with a total value of C$228,456.00. Following the completion of the acquisition, the insider owned 10,585 shares in the company, valued at C$1,007,586.15. The trade was a 29.32% increase in their ownership of the stock. Also, insider Mark Thompson bought 279 shares of Nutrien stock in a transaction dated Thursday, June 18th. The stock was purchased at an average price of C$89.86 per share, for a total transaction of C$25,070.94. Following the purchase, the insider directly owned 37,367 shares in the company, valued at C$3,357,798.62. This represents a 0.75% increase in their position. Insiders have acquired 8,141 shares of company stock worth $766,436 over the last 90 days. Corporate insiders own 0.03% of the company’s stock.

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.