Nutrien Ltd. (TSE:NTR) Given Consensus Rating of "Buy" by Analysts

Key Points

• Nutrien has a consensus “Buy” rating from 10 analysts: four strong-buy, three buy, two hold and one sell. The average 12-month price target is C$74.33.
• Recent analyst opinions were mixed, with Raymond James, National Bank Financial and Scotiabank upgrading the stock, while Jefferies and Berenberg downgraded it; Jefferies cut its target to C$63.00.
• Nutrien reported quarterly revenue of C$15.36 billion and EPS of C$3.71, and maintains a quarterly dividend of C$0.55, equivalent to a 2.2% yield and a 44.33% payout ratio.

Nutrien Ltd. (TSE:NTR - Get Free Report) has earned a consensus recommendation of "Buy" from the ten analysts that are presently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, two have given a hold recommendation, three have issued a buy recommendation and four have issued a strong buy recommendation on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is C$74.33.

A number of research analysts have weighed in on NTR shares. Raymond James Financial upgraded Nutrien from a "hold" rating to a "moderate buy" rating in a report on Tuesday, May 5th. Jefferies Financial Group cut Nutrien from a "buy" rating to a "hold" rating and lowered their target price for the company from C$96.00 to C$63.00 in a research note on Thursday, July 16th. Berenberg Bank lowered Nutrien from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, June 10th. National Bank Financial raised Nutrien to a "strong-buy" rating in a research note on Monday, July 13th. Finally, Scotiabank upgraded Nutrien from a "hold" rating to a "sector outperform" rating and set a C$80.00 price objective for the company in a report on Tuesday, June 30th.

Insider Activity

In other Nutrien news, insider Mark Thompson purchased 279 shares of the firm's stock in a transaction that occurred on Thursday, June 18th. The stock was bought at an average cost of C$89.86 per share, for a total transaction of C$25,070.94. Following the purchase, the insider directly owned 37,367 shares in the company, valued at C$3,357,798.62. The trade was a 0.75% increase in their ownership of the stock. Also, insider Noralee Bradley purchased 300 shares of the stock in a transaction that occurred on Friday, June 26th. The shares were acquired at an average cost of C$86.16 per share, with a total value of C$25,848.00. Following the completion of the transaction, the insider owned 6,155 shares in the company, valued at C$530,314.80. This trade represents a 5.12% increase in their ownership of the stock. Over the last quarter, insiders purchased 624 shares of company stock valued at $55,228. 0.03% of the stock is owned by company insiders.

Nutrien Trading Down 2.1%

Shares of NTR opened at C$100.68 on Wednesday. The firm's 50-day moving average price is C$93.81 and its 200-day moving average price is C$97.61. The firm has a market capitalization of C$48.05 billion, a price-to-earnings ratio of 20.38, a PEG ratio of 1.15 and a beta of 0.68. The company has a current ratio of 1.39, a quick ratio of 0.65 and a debt-to-equity ratio of 49.14. Nutrien has a 1-year low of C$74.77 and a 1-year high of C$116.95.

Nutrien (TSE:NTR - Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The company reported C$3.71 earnings per share (EPS) for the quarter. Nutrien had a net margin of 8.44% and a return on equity of 9.27%. The company had revenue of C$15.36 billion during the quarter. Sell-side analysts anticipate that Nutrien will post 5.3416399 EPS for the current year.

Nutrien Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 17th. Stockholders of record on Friday, July 17th were given a $0.55 dividend. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.2%. Nutrien's dividend payout ratio is currently 44.33%.

Nutrien Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source