Brokerages Set Nutrien Ltd. (TSE:NTR) Target Price at C$64.50

Shares of Nutrien Ltd. (TSE:NTR) have received an average rating of “Hold” from the five brokerages that are presently covering the company, MarketBeat.com reports. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is C$64.50.

Several analysts have recently weighed in on NTR shares. UBS Group lowered Nutrien from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 10th. The Goldman Sachs Group downgraded shares of Nutrien from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 10th. Wells Fargo & Company cut shares of Nutrien from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 24th. Finally, Raymond James raised shares of Nutrien from a “hold” rating to a “moderate buy” rating in a report on Tuesday, December 3rd.

Nutrien Stock Down 1.4 %

TSE NTR opened at C$67.84 on Monday. Nutrien has a twelve month low of C$60.74 and a twelve month high of C$83.14. The stock has a market cap of C$33.56 billion, a PE ratio of 30.82, a PEG ratio of 1.15 and a beta of 0.95. The firm has a 50-day simple moving average of C$66.48 and a 200 day simple moving average of C$68.20. The company has a debt-to-equity ratio of 53.14, a quick ratio of 0.65 and a current ratio of 1.26.

Nutrien Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Tuesday, December 31st will be given a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a yield of 3.18%. The ex-dividend date of this dividend is Tuesday, December 31st. Nutrien’s dividend payout ratio (DPR) is 132.13%.

Insider Buying and Selling at Nutrien

In other Nutrien news, Director Keith Martell bought 1,250 shares of the stock in a transaction dated Thursday, September 19th. The stock was bought at an average cost of C$65.23 per share, for a total transaction of C$81,537.50. Also, Senior Officer Mark Thompson purchased 490 shares of Nutrien stock in a transaction that occurred on Monday, November 18th. The shares were bought at an average price of C$63.99 per share, for a total transaction of C$31,355.10. Over the last three months, insiders purchased 5,390 shares of company stock valued at $346,265. 0.03% of the stock is currently owned by company 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.