Nutrien Ltd. (TSE:NTR – Get Free Report) has earned an average recommendation of “Hold” from the six brokerages that are covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a sell recommendation and three have assigned a buy recommendation to the company. The average 1-year target price among brokers that have covered the stock in the last year is C$72.25.
NTR has been the subject of several research analyst reports. Royal Bank of Canada lowered their target price on Nutrien from C$85.00 to C$80.00 and set an “outperform” rating for the company in a research note on Friday, November 3rd. Barclays reduced their price target on Nutrien from C$68.00 to C$64.00 and set an “underweight” rating on the stock in a report on Friday, October 20th.
Nutrien Stock Up 0.5 %
Nutrien Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, January 12th. Investors of record on Friday, December 29th will be issued a $0.53 dividend. This represents a $2.12 annualized dividend and a yield of 2.72%. The ex-dividend date is Thursday, December 28th. Nutrien’s payout ratio is presently 48.43%.
Nutrien Ltd. provides crop inputs and services. The company operates through Retail, Potash, Nitrogen, and Phosphate segments. The Retail segment distributes crop nutrients, crop protection products, seeds, and merchandise products. The Potash segment provides granular and standard potash products. The Nitrogen segment offers ammonia, urea, urea ammonium nitrate, industrial grade ammonium nitrate, and ammonium sulfate.
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