Brokerages Set Nutrien Ltd. (TSE:NTR) Target Price at C$59.00

Nutrien Ltd. (TSE:NTR) has been given an average rating of “Hold” by the seven research firms that are currently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and two have assigned a strong buy recommendation to the company.

Several research analysts recently commented on the company. Barclays cut Nutrien from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 21st. Piper Sandler upgraded Nutrien from a “strong sell” rating to a “strong-buy” rating in a research note on Monday, January 13th. BNP Paribas upgraded shares of Nutrien to a “strong-buy” rating in a research note on Wednesday, April 9th. Finally, The Goldman Sachs Group upgraded shares of Nutrien to a “strong sell” rating in a research note on Thursday, March 13th.

Insider Activity at Nutrien

In other news, Senior Officer Mark Thompson acquired 400 shares of the business’s stock in a transaction dated Monday, March 31st. The shares were acquired at an average cost of C$71.18 per share, with a total value of C$28,472.00. Also, Director Michael Jeremiah Hennigan bought 5,000 shares of the stock in a transaction dated Monday, February 24th. The stock was bought at an average price of C$73.98 per share, for a total transaction of C$369,910.00. In the last quarter, insiders acquired 9,470 shares of company stock valued at $695,156. Insiders own 0.03% of the company’s stock.

Nutrien Trading Up 1.7 %

Shares of Nutrien stock opened at C$77.48 on Thursday. The stock has a market capitalization of C$26.67 billion, a P/E ratio of 36.48, a price-to-earnings-growth ratio of 1.15 and a beta of 0.95. Nutrien has a 12-month low of C$60.74 and a 12-month high of C$83.14. The company has a quick ratio of 0.65, a current ratio of 1.27 and a debt-to-equity ratio of 59.10. The company has a 50-day simple moving average of C$73.26 and a 200 day simple moving average of C$70.84.

Nutrien Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 18th. Investors of record on Monday, June 30th will be paid a dividend of $0.545 per share. This represents a $2.18 annualized dividend and a yield of 2.81%. Nutrien’s dividend payout ratio (DPR) is presently 137.48%.

Nutrien Company Profile

Nutrien is the world’s largest fertilizer producer by capacity. Nutrien produces the three main crop nutrientsnitrogen, potash, and phosphatealthough its main focus is potash, where it is the global leader in installed capacity with roughly 20% share. The company is also the largest agricultural retailer in the United States, selling fertilizers, crop chemicals, seeds, and services directly to farm customers through its brick-and-mortar stores and online platforms.