Nutrien Ltd. (TSE:NTR) Given Average Recommendation of “Hold” by Analysts

Nutrien Ltd. (TSE:NTR) has been given a consensus rating of “Hold” by the five research firms that are covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and one has given a buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is C$64.33.

Several equities analysts have commented on the stock. Hsbc Global Res raised shares of Nutrien to a “moderate sell” rating in a research report on Friday, August 2nd. The Goldman Sachs Group downgraded shares of Nutrien from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 10th. Mizuho upgraded Nutrien from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 16th. Finally, Wells Fargo & Company lowered shares of Nutrien from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 24th.

Nutrien Stock Down 0.5 %

NTR stock opened at C$65.22 on Wednesday. The stock has a market capitalization of C$32.27 billion, a PE ratio of 29.92, a price-to-earnings-growth ratio of 0.36 and a beta of 0.96. Nutrien has a 52 week low of C$60.74 and a 52 week high of C$85.66. The company has a quick ratio of 0.65, a current ratio of 1.26 and a debt-to-equity ratio of 53.14. The firm has a 50 day moving average of C$65.08 and a 200 day moving average of C$70.56.

Nutrien (TSE:NTR) last issued its earnings results on Wednesday, August 7th. The company reported C$3.18 EPS for the quarter, topping analysts’ consensus estimates of C$2.87 by C$0.31. The firm had revenue of C$13.90 billion for the quarter, compared to the consensus estimate of C$14.92 billion. Nutrien had a return on equity of 3.22% and a net margin of 3.06%. Sell-side analysts forecast that Nutrien will post 5.4173028 earnings per share for the current year.

Nutrien Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 18th. Shareholders of record on Friday, September 27th will be paid a dividend of $0.54 per share. The ex-dividend date of this dividend is Friday, September 27th. This represents a $2.16 annualized dividend and a yield of 3.31%. Nutrien’s dividend payout ratio is 136.70%.

Insiders Place Their Bets

In other news, Senior Officer Mark Thompson bought 630 shares of the company’s stock in a transaction that occurred on Friday, August 9th. The shares were acquired at an average price of C$62.61 per share, with a total value of C$39,444.30. In other news, Director Keith Martell bought 1,250 shares of the firm’s stock in a transaction on Thursday, September 19th. The shares were purchased at an average cost of C$65.23 per share, with a total value of C$81,537.50. Also, Senior Officer Mark Thompson acquired 630 shares of the company’s stock in a transaction that occurred on Friday, August 9th. The shares were acquired at an average price of C$62.61 per share, with a total value of C$39,444.30. In the last three months, insiders bought 12,710 shares of company stock valued at $814,824. 0.03% of the stock is currently owned by insiders.

Nutrien Company Profile

Nutrien Ltd. provides crop inputs and services. The company operates through four segments: Retail, Potash, Nitrogen, and Phosphate. The Retail segment distributes crop nutrients, crop protection products, seeds, and merchandise products. The Potash segment provides granular and standard potash products.