Nutrien Ltd. provides crop inputs and services. It offers potash, nitrogen, phosphate, and sulfate products; and financial solutions. The company also distributes crop nutrients, crop protection products, seeds, and merchandise products through approximately 2,000 retail locations in the United States, Canada, South America, and Australia. In addition, it provides services directly to growers through a network of farm centers in North America, South America, and Australia. The company was founded in 2017 and is headquartered in Saskatoon, Canada.
Nutrien Trading Up 2.1 %
NYSE:NTR traded up $1.86 during mid-day trading on Friday, reaching $92.38. The company's stock had a trading volume of 1,438,370 shares, compared to its average volume of 2,569,750. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.21 and a quick ratio of 0.75. The stock has a market cap of $50.10 billion, a P/E ratio of 7.47, a P/E/G ratio of 0.69 and a beta of 0.93. The company's fifty day simple moving average is $82.38 and its two-hundred day simple moving average is $90.17. Nutrien has a twelve month low of $57.45 and a twelve month high of $117.25.
Nutrien Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, October 14th. Investors of record on Friday, September 30th will be given a $0.48 dividend. The ex-dividend date is Thursday, September 29th. This represents a $1.92 annualized dividend and a dividend yield of 2.08%. Nutrien's dividend payout ratio is presently 15.53%.
Analyst Upgrades and Downgrades
A number of brokerages have issued reports on NTR. Barclays dropped their target price on shares of Nutrien from $126.00 to $105.00 and set an "overweight" rating for the company in a report on Wednesday. Raymond James boosted their target price on Nutrien from $105.00 to $125.00 and gave the stock an "outperform" rating in a research report on Wednesday, May 4th. TD Securities dropped their price target on Nutrien from $130.00 to $110.00 and set a "buy" rating for the company in a research report on Friday, July 29th. Credit Suisse Group lifted their price target on Nutrien from $67.00 to $70.00 and gave the stock an "underperform" rating in a research note on Thursday, August 4th. Finally, Piper Sandler increased their price objective on shares of Nutrien from $112.00 to $125.00 and gave the company an "overweight" rating in a research note on Tuesday, May 31st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and fifteen have assigned a buy rating to the company's stock. According to data from MarketBeat, Nutrien currently has an average rating of "Moderate Buy" and a consensus target price of $105.33.