Shares of Nutrien Ltd. (TSE:NTR – Get Free Report) have earned an average recommendation of “Moderate Buy” from the ten research firms that are covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, three have given a hold rating, three have assigned a buy rating and three have issued a strong buy rating on the company. The average 1-year target price among brokers that have covered the stock in the last year is C$80.00.
Several research analysts have recently issued reports on the company. Barclays raised Nutrien from a “hold” rating to a “strong-buy” rating in a research note on Monday, April 27th. Raymond James Financial upgraded shares of Nutrien from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, May 5th. UBS Group downgraded shares of Nutrien from a “hold” rating to a “strong sell” rating in a report on Thursday, March 26th. Scotiabank upgraded shares of Nutrien from a “hold” rating to a “sector outperform” rating and set a C$80.00 target price for the company in a research report on Tuesday, June 30th. Finally, Berenberg Bank cut shares of Nutrien from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, June 10th.
Nutrien Price Performance
Nutrien (TSE:NTR – Get Free Report) last issued its earnings results on Wednesday, May 6th. The company reported C$0.71 EPS for the quarter. Nutrien had a return on equity of 9.49% and a net margin of 8.61%.The company had revenue of C$8.41 billion during the quarter. As a group, equities research analysts expect that Nutrien will post 5.3416399 earnings per share for the current year.
Nutrien Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, July 17th. Investors of record on Friday, July 17th will be issued a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend is Tuesday, June 30th. Nutrien’s payout ratio is presently 44.50%.
Insider Buying and Selling at Nutrien
In other news, insider Christopher Reynolds purchased 2,400 shares of the business’s stock in a transaction dated Friday, May 8th. The shares were acquired at an average price of C$95.19 per share, for a total transaction of C$228,456.00. Following the completion of the acquisition, the insider directly owned 10,585 shares of the company’s stock, valued at C$1,007,586.15. The trade was a 29.32% increase in their ownership of the stock. Also, insider Noralee Bradley bought 1,000 shares of the business’s stock in a transaction on Friday, May 8th. The shares were purchased at an average cost of C$93.42 per share, for a total transaction of C$93,420.00. Following the completion of the purchase, the insider owned 5,855 shares in the company, valued at approximately C$546,974.10. This trade represents a 20.60% increase in their ownership of the stock. Over the last 90 days, insiders purchased 8,141 shares of company stock worth $766,436. 0.03% of the stock is currently owned by company insiders.
About Nutrien
Nutrien is a leading global provider of crop inputs and services. We operate a world-class network of production, distribution and ag retail facilities that positions us to efficiently serve the needs of growers. We focus on creating long-term value by prioritizing investments that strengthen the advantages of our business across the ag value chain and by maintaining access to the resources and the relationships with stakeholders needed to achieve our goals.
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