Nutrien Ltd. (TSE:NTR) Receives Consensus Recommendation of "Moderate Buy" from Analysts

Key Points

• Analysts maintain a “Moderate Buy” consensus on Nutrien, with one sell, four hold, three buy and three strong-buy ratings. The average 12-month price target is C$74.33.
• Recent analyst actions were mixed: Scotiabank and BNP Paribas Exane upgraded the stock, while Berenberg Bank and Jefferies downgraded it; Jefferies also cut its price target to C$63 from C$96.
• Nutrien reported C$3.71 in quarterly EPS and C$15.36 billion in revenue, and its quarterly dividend implies an annualized payout of C$2.20 per share and a 2.0% yield.

Nutrien Ltd. (TSE:NTR - Get Free Report) has received an average recommendation of "Moderate Buy" from the eleven research firms that are covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell rating, four have issued a hold rating, three have assigned a buy rating and three have assigned a strong buy rating to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is C$74.33.

NTR has been the subject of a number of research analyst reports. Scotiabank raised shares of Nutrien from a "hold" rating to a "sector outperform" rating and set a C$80.00 price objective for the company in a research report on Tuesday, June 30th. KeyCorp upgraded Nutrien to a "hold" rating in a research note on Thursday, September 10th. BNP Paribas Exane upgraded Nutrien from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, July 28th. Berenberg Bank cut Nutrien from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, June 10th. Finally, Jefferies Financial Group downgraded Nutrien from a "buy" rating to a "hold" rating and cut their price objective for the company from C$96.00 to C$63.00 in a report on Thursday, July 16th.

Nutrien Trading Down 2.3%

TSE NTR opened at C$107.95 on Friday. The firm's 50-day moving average is C$100.40 and its two-hundred day moving average is C$98.96. Nutrien has a 12 month low of C$74.77 and a 12 month high of C$116.95. The company has a debt-to-equity ratio of 49.14, a current ratio of 1.39 and a quick ratio of 0.65. The stock has a market capitalization of C$51.51 billion, a P/E ratio of 21.85, a PEG ratio of 1.15 and a beta of 0.66.

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

Nutrien Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 17th. Shareholders of record on Friday, July 17th were paid a dividend of $0.55 per share. The ex-dividend date was Tuesday, June 30th. This represents a $2.20 dividend on an annualized basis and a yield of 2.0%. Nutrien's dividend payout ratio is 44.33%.

Insider Activity

In other Nutrien news, insider Noralee Bradley acquired 300 shares of the company's stock in a transaction that occurred on Friday, June 26th. The stock was purchased at an average price of C$86.16 per share, for a total transaction of C$25,848.00. Following the completion of the acquisition, the insider owned 6,155 shares of the company's stock, valued at approximately C$530,314.80. This trade represents a 5.12% increase in their position. Corporate insiders own 0.03% of the company's stock.

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.

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