Nutrien (TSE:NTR) Stock Price Down 0.6%

Nutrien Ltd. (TSE:NTR - Get Free Report)'s share price dropped 0.6% during trading on Wednesday . The company traded as low as C$75.12 and last traded at C$75.89. Approximately 1,166,369 shares changed hands during trading, a decline of 13% from the average daily volume of 1,343,571 shares. The stock had previously closed at C$76.34.

Analysts Set New Price Targets

Separately, Royal Bank of Canada reduced their price objective on Nutrien from C$75.00 to C$70.00 and set an "outperform" rating for the company in a research report on Friday, February 23rd. Two equities research analysts have rated the stock with a sell rating and three have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of C$71.33.

Nutrien Stock Performance

The company has a debt-to-equity ratio of 49.86, a current ratio of 1.17 and a quick ratio of 0.65. The business has a 50-day simple moving average of C$71.22 and a 200 day simple moving average of C$74.11. The firm has a market cap of C$37.53 billion, a PE ratio of 22.06, a PEG ratio of 0.36 and a beta of 0.97.

Nutrien (TSE:NTR - Get Free Report) last issued its quarterly earnings results on Wednesday, February 21st. The company reported C$0.50 EPS for the quarter, missing analysts' consensus estimates of C$0.97 by C($0.47). The company had revenue of C$7.71 billion during the quarter, compared to analysts' expectations of C$7.10 billion. Nutrien had a return on equity of 5.02% and a net margin of 4.48%. Equities research analysts forecast that Nutrien Ltd. will post 5.4836182 EPS for the current year.

Nutrien Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 11th. Stockholders of record on Thursday, March 28th will be paid a $0.54 dividend. This is a positive change from Nutrien's previous quarterly dividend of $0.53. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 2.85%. Nutrien's dividend payout ratio is 84.88%.

Insider Transactions at Nutrien

In other Nutrien news, Senior Officer Andrew Kelemen acquired 400 shares of the company's stock in a transaction dated Friday, February 23rd. The stock was purchased at an average price of C$71.51 per share, with a total value of C$28,604.00. In related news, Director Robert Kirkpatrick sold 7,317 shares of the stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of C$53.14, for a total transaction of C$388,825.38. Following the completion of the transaction, the director now directly owns 566 shares of the company's stock, valued at C$30,077.24. Also, Senior Officer Andrew Kelemen purchased 400 shares of the company's stock in a transaction that occurred on Friday, February 23rd. The shares were purchased at an average cost of C$71.51 per share, with a total value of C$28,604.00. Insiders acquired a total of 1,530 shares of company stock valued at $109,899 over the last 90 days. Company insiders own 0.03% of the company's stock.

Nutrien Company Profile

Nutrien Ltd. provides crop inputs and services. The company operates through four segments: Retail, Potash, Nitrogen, and Phosphate. The Retail segment distributes crop nutrients, crop protection products, seeds, and merchandise products. The Potash segment provides granular and standard potash products.

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