Nutrien Ltd. (TSE:NTR) Receives Average Recommendation of "Hold" from Brokerages

Nutrien Ltd. (TSE:NTR - Get Free Report) has earned a consensus recommendation of "Hold" from the eight analysts that are currently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and two have issued a strong buy recommendation on the company.

Several equities research analysts have issued reports on NTR shares. BNP Paribas upgraded shares of Nutrien to a "strong-buy" rating in a research report on Wednesday, April 9th. Scotiabank downgraded shares of Nutrien from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, May 14th. Finally, The Goldman Sachs Group upgraded shares of Nutrien to a "strong sell" rating in a research report on Thursday, March 13th.

Insiders Place Their Bets

In other Nutrien news, Director Julie Lagacy purchased 2,000 shares of the firm's stock in a transaction on Tuesday, March 11th. The stock was purchased at an average cost of C$73.28 per share, for a total transaction of C$146,563.20. Also, Senior Officer Christopher Reynolds acquired 858 shares of the stock in a transaction dated Friday, May 30th. The stock was acquired at an average cost of C$79.97 per share, with a total value of C$68,617.48. Over the last quarter, insiders have purchased 3,978 shares of company stock valued at $296,812. 0.03% of the stock is currently owned by insiders.

Nutrien Stock Down 0.2%

Shares of TSE:NTR traded down C$0.13 during mid-day trading on Monday, reaching C$82.39. 825,308 shares of the stock were exchanged, compared to its average volume of 1,765,390. The company has a market cap of C$28.36 billion, a P/E ratio of 38.79, a P/E/G ratio of 1.15 and a beta of 0.95. The stock's 50 day simple moving average is C$76.13 and its 200-day simple moving average is C$72.62. The company has a quick ratio of 0.65, a current ratio of 1.27 and a debt-to-equity ratio of 59.10. Nutrien has a one year low of C$60.74 and a one year high of C$83.37.

Nutrien Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, July 18th. Shareholders of record on Monday, June 30th will be paid a dividend of $0.545 per share. This represents a $2.18 dividend on an annualized basis and a dividend yield of 2.65%. Nutrien's payout ratio is presently 137.48%.

Nutrien Company Profile

Nutrien is the world's largest fertilizer producer by capacity. Nutrien produces the three main crop nutrientsnitrogen, potash, and phosphatealthough its main focus is potash, where it is the global leader in installed capacity with roughly 20% share. The company is also the largest agricultural retailer in the United States, selling fertilizers, crop chemicals, seeds, and services directly to farm customers through its brick-and-mortar stores and online platforms.