Analysts Set Nutrien Ltd. (TSE:NTR) Target Price at C$59.00

Shares of Nutrien Ltd. (TSE:NTR - Get Free Report) have earned a consensus recommendation of "Hold" from the seven research firms that are covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a strong buy rating on the company.

NTR has been the topic of several recent analyst reports. Barclays downgraded shares of Nutrien from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, January 21st. The Goldman Sachs Group raised shares of Nutrien to a "strong sell" rating in a research note on Thursday, March 13th. BNP Paribas raised Nutrien to a "strong-buy" rating in a research note on Wednesday, April 9th. Finally, Piper Sandler raised Nutrien from a "strong sell" rating to a "strong-buy" rating in a research note on Monday, January 13th.

Nutrien Trading Up 1.7 %

Shares of TSE:NTR traded up C$1.29 during trading on Thursday, hitting C$77.48. The company had a trading volume of 801,337 shares, compared to its average volume of 1,885,255. The stock has a market cap of C$26.67 billion, a price-to-earnings ratio of 36.48, a price-to-earnings-growth ratio of 1.15 and a beta of 0.95. The company has a debt-to-equity ratio of 59.10, a current ratio of 1.27 and a quick ratio of 0.65. The company has a fifty day simple moving average of C$73.26 and a two-hundred day simple moving average of C$70.84. Nutrien has a one year low of C$60.74 and a one year high of C$83.14.

Nutrien Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 18th. Shareholders of record on Monday, June 30th will be issued a $0.545 dividend. This represents a $2.18 annualized dividend and a dividend yield of 2.81%. Nutrien's dividend payout ratio is 137.48%.

Insider Activity at Nutrien

In other news, Senior Officer Mark Thompson purchased 400 shares of the stock in a transaction dated Monday, March 31st. The shares were acquired at an average cost of C$71.18 per share, for a total transaction of C$28,472.00. Also, Director Michael Jeremiah Hennigan acquired 5,000 shares of Nutrien stock in a transaction that occurred on Monday, February 24th. The shares were purchased at an average price of C$73.98 per share, with a total value of C$369,910.00. Insiders bought 9,470 shares of company stock worth $695,156 over the last three months. 0.03% of the stock is owned by corporate insiders.

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.