Nutrien Ltd. (TSE:NTR) Receives C$80.00 Consensus Price Target from Analysts

Shares of Nutrien Ltd. (TSE:NTR) have received a consensus rating of “Hold” from the seven ratings firms that are presently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and one has given a buy recommendation to the company. The average 1-year target price among brokers that have covered the stock in the last year is C$80.00.

A number of analysts have issued reports on NTR shares. Wells Fargo & Company upgraded shares of Nutrien to a “hold” rating in a research note on Tuesday, November 11th. TD Securities raised their price objective on shares of Nutrien from C$72.00 to C$80.00 and gave the company a “buy” rating in a research note on Wednesday, February 18th. Finally, BNP Paribas Exane cut shares of Nutrien from a “strong-buy” rating to a “hold” rating in a report on Monday, February 23rd.

Nutrien Trading Up 1.8%

Shares of TSE NTR opened at C$103.54 on Wednesday. Nutrien has a twelve month low of C$65.35 and a twelve month high of C$106.38. The company has a current ratio of 1.34, a quick ratio of 0.65 and a debt-to-equity ratio of 51.16. The stock has a fifty day simple moving average of C$93.85 and a 200-day simple moving average of C$85.54. The stock has a market capitalization of C$49.90 billion, a PE ratio of 22.22, a PEG ratio of 1.15 and a beta of 1.26.

Nutrien (TSE:NTR) last posted its quarterly earnings data on Wednesday, February 18th. The company reported C$1.14 earnings per share (EPS) for the quarter. Nutrien had a return on equity of 9.13% and a net margin of 8.44%.The firm had revenue of C$5.34 billion for the quarter. On average, equities analysts forecast that Nutrien will post 5.3416399 earnings per share for the current year.

Insider Buying and Selling

In other Nutrien news, insider Jeffrey Martin Tarsi sold 18,846 shares of the firm’s stock in a transaction that occurred on Tuesday, December 23rd. The shares were sold at an average price of C$87.60, for a total value of C$1,650,909.60. Following the completion of the transaction, the insider owned 2,312 shares of the company’s stock, valued at C$202,531.20. This trade represents a 89.07% decrease in their position. 0.03% of the stock is owned by corporate insiders.

Nutrien Company Profile

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.