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

Nutrien Ltd. (TSE:NTR) has been assigned a consensus recommendation of “Buy” from the ten research firms that are covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, three have assigned a buy rating and four have assigned a strong buy rating to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is C$74.33.

Several equities research analysts have recently weighed in on the company. Barclays raised Nutrien from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 27th. Scotiabank raised Nutrien from a “hold” rating to a “sector outperform” rating and set a C$80.00 target price on the stock in a research report on Tuesday, June 30th. BNP Paribas Exane raised Nutrien from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 28th. National Bank Financial upgraded Nutrien to a “strong-buy” rating in a research report on Monday, July 13th. Finally, Raymond James Financial raised Nutrien from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, May 5th.

Nutrien Stock Performance

Shares of NTR opened at C$93.88 on Friday. The firm’s 50 day moving average is C$93.14 and its 200-day moving average is C$97.48. The stock has a market capitalization of C$45.06 billion, a P/E ratio of 19.12, a P/E/G ratio of 1.15 and a beta of 0.68. The company has a debt-to-equity ratio of 55.44, a current ratio of 1.24 and a quick ratio of 0.65. Nutrien has a 12-month low of C$74.77 and a 12-month high of C$116.95.

Nutrien (TSE:NTR) last issued its earnings results on Wednesday, August 5th. The company reported C$3.71 earnings per share for the quarter. The firm had revenue of C$15.36 billion during the quarter. Nutrien had a net margin of 8.61% and a return on equity of 9.49%. Equities research analysts anticipate that Nutrien will post 5.3416399 EPS for the current fiscal year.

Nutrien Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, July 17th. Shareholders of record on Friday, July 17th were issued a $0.55 dividend. This represents a $2.20 annualized dividend and a dividend yield of 2.3%. The ex-dividend date was Tuesday, June 30th. Nutrien’s dividend payout ratio (DPR) is presently 44.50%.

Insider Activity

In other news, Director Kenneth Alvin Seitz bought 3,900 shares of the company’s stock in a transaction dated Friday, May 8th. The shares were acquired at an average cost of C$94.52 per share, with a total value of C$368,628.00. Following the completion of the transaction, the director directly owned 47,513 shares in the company, valued at approximately C$4,490,928.76. The trade was a 8.94% increase in their position. Also, insider Noralee Bradley purchased 1,000 shares of the business’s stock in a transaction dated Friday, May 8th. The shares were purchased at an average price of C$93.42 per share, for a total transaction of C$93,420.00. Following the acquisition, the insider directly owned 5,855 shares of the company’s stock, valued at C$546,974.10. This trade represents a 20.60% increase in their ownership of the stock. In the last three months, insiders have purchased 8,141 shares of company stock valued at $766,436. 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.