Nutrien Ltd. (TSE:NTR) Stock Has Consensus Target Price of C$74.33 According to Brokerages

Shares of Nutrien Ltd. (TSE:NTR) have been given an average rating of “Moderate Buy” by the eleven ratings firms that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, four have given a hold rating, three have assigned a buy rating and three have given a strong buy rating to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is C$74.33.

A number of brokerages have recently issued reports on NTR. KeyCorp upgraded shares of Nutrien to a “hold” rating in a research report on Thursday, September 10th. BNP Paribas Exane upgraded shares of Nutrien from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 28th. Berenberg Bank downgraded shares of Nutrien from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, June 10th. Jefferies Financial Group lowered shares of Nutrien from a “buy” rating to a “hold” rating and dropped their target price for the company from C$96.00 to C$63.00 in a report on Thursday, July 16th. Finally, Scotiabank raised shares of Nutrien from a “hold” rating to a “sector outperform” rating and set a C$80.00 price target on the stock in a research report on Tuesday, June 30th.

Nutrien Price Performance

Shares of NTR opened at C$104.67 on Friday. Nutrien has a 1 year low of C$74.77 and a 1 year high of C$116.95. The company has a debt-to-equity ratio of 49.14, a current ratio of 1.39 and a quick ratio of 0.65. The company has a market capitalization of C$49.95 billion, a price-to-earnings ratio of 21.19, a price-to-earnings-growth ratio of 1.15 and a beta of 0.66. The business has a 50-day moving average of C$101.18 and a 200-day moving average of C$99.03.

Nutrien (TSE:NTR) last announced its earnings results on Wednesday, August 5th. The company reported C$3.71 EPS for the quarter. The business had revenue of C$15.36 billion for the quarter. Nutrien had a return on equity of 9.27% and a net margin of 8.44%. As a group, equities research analysts anticipate that Nutrien will post 5.3416399 earnings per share for the current year.

Nutrien Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 17th. Stockholders of record on Friday, July 17th were paid a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend was Tuesday, June 30th. Nutrien’s payout ratio is currently 44.33%.

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.