Nutrien Ltd. (TSE:NTR) Given Consensus Recommendation of "Hold" by Analysts

Key Points

• Nutrien Ltd. has been given a consensus recommendation of "Hold" by analysts, with one sell rating, five hold ratings, and two strong buy ratings from the eight analysts covering the stock.
• The company recently announced a quarterly dividend of $0.545, which translates to an annualized dividend of $2.18 and a dividend yield of 2.6%.
• Nutrien is the world's largest fertilizer producer by capacity, with a focus on potash, owning around 20% of the global market share in this segment.

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

Several research analysts have issued reports on the stock. Raymond James Financial cut shares of Nutrien from a "moderate buy" rating to a "hold" rating in a report on Tuesday, June 17th. National Bank Financial raised shares of Nutrien to a "hold" rating in a research report on Thursday, September 4th.

Nutrien Stock Performance

Shares of Nutrien stock opened at C$82.79 on Friday. Nutrien has a 1 year low of C$62.89 and a 1 year high of C$88.03. The firm's 50-day moving average is C$79.66 and its 200 day moving average is C$78.83. The stock has a market cap of C$40.23 billion, a price-to-earnings ratio of 29.78, a PEG ratio of 1.15 and a beta of 1.11. The company has a debt-to-equity ratio of 59.10, a current ratio of 1.27 and a quick ratio of 0.65.

Nutrien Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Friday, October 17th will be issued a $0.545 dividend. The ex-dividend date of this dividend is Monday, September 29th. This represents a $2.18 dividend on an annualized basis and a dividend yield of 2.6%. Nutrien's dividend payout ratio (DPR) is presently 78.06%.

About Nutrien

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.

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