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

Key Points

• Nutrien Ltd. has been given an average recommendation of "Hold" by eight brokerages, with ratings including one sell, five holds, and two strong buys.
• Insider transactions reveal significant selling activity, with senior officers selling a total of C$1.16 million in shares recently.
• Nutrien announced a quarterly dividend of $0.545 per share, representing an annualized yield of 2.8% despite a high dividend payout ratio of 137.48%.

Nutrien Ltd. (TSE:NTR - Get Free Report) has been assigned an average recommendation of "Hold" from the eight brokerages that are presently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating, five have given a hold rating and two have given a strong buy rating to the company.

NTR has been the subject of a number of research reports. Raymond James Financial cut shares of Nutrien from a "moderate buy" rating to a "hold" rating in a report on Tuesday, June 17th. Scotiabank cut shares of Nutrien from a "strong-buy" rating to a "hold" rating in a report on Wednesday, May 14th.

Insider Buying and Selling at Nutrien

In related news, Senior Officer Andrew Kelemen sold 6,638 shares of the firm's stock in a transaction that occurred on Monday, June 16th. The shares were sold at an average price of C$86.56, for a total value of C$574,611.83. Also, Senior Officer Christopher Reynolds sold 6,858 shares of Nutrien stock in a transaction that occurred on Monday, June 16th. The shares were sold at an average price of C$85.37, for a total transaction of C$585,448.26. In the last ninety days, insiders sold 42,822 shares of company stock worth $3,632,828. 0.03% of the stock is owned by corporate insiders.

Nutrien Stock Performance

Shares of TSE:NTR opened at C$78.94 on Friday. The company has a quick ratio of 0.65, a current ratio of 1.27 and a debt-to-equity ratio of 59.10. The firm has a market cap of C$27.18 billion, a PE ratio of 37.17, a PEG ratio of 1.15 and a beta of 0.95. The company's 50 day moving average price is C$81.59 and its two-hundred day moving average price is C$77.39. Nutrien has a 12-month low of C$60.74 and a 12-month high of C$88.03.

Nutrien Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Monday, September 29th will be paid a dividend of $0.545 per share. This represents a $2.18 dividend on an annualized basis and a yield of 2.8%. Nutrien's dividend payout ratio is currently 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.

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