Key Points
- Insider buying: Nutrien insider Noralee Bradley bought 300 shares on June 26 at an average price of C$86.16, increasing their holdings by 5.12% to 6,155 shares.
- Recent activity and dividend: Bradley also bought 1,000 shares in May, and Nutrien recently declared a quarterly dividend of $0.55 per share, or $2.20 annualized, for a 2.5% yield.
- Company and analyst backdrop: Nutrien shares were up 0.5% in the report, while analysts currently rate the stock a Moderate Buy on average with a C$80 target price.
Nutrien Ltd. (TSE:NTR - Get Free Report) insider Noralee Bradley bought 300 shares of the business's stock in a transaction that occurred on Friday, June 26th. The shares were acquired at an average price of C$86.16 per share, with a total value of C$25,848.00. Following the completion of the transaction, the insider directly owned 6,155 shares of the company's stock, valued at C$530,314.80. This trade represents a 5.12% increase in their position.
Noralee Bradley also recently made the following trade(s):
- On Friday, May 8th, Noralee Bradley bought 1,000 shares of Nutrien stock. The shares were acquired at an average cost of C$93.42 per share, with a total value of C$93,420.00.
Nutrien Stock Up 0.5%
NTR opened at C$86.99 on Tuesday. The firm's 50 day simple moving average is C$95.06 and its two-hundred day simple moving average is C$95.79. The company has a market capitalization of C$41.76 billion, a PE ratio of 17.72, a PEG ratio of 1.15 and a beta of 0.75. Nutrien Ltd. has a 1-year low of C$74.77 and a 1-year high of C$116.95. The company has a current ratio of 1.24, a quick ratio of 0.65 and a debt-to-equity ratio of 55.44.
Nutrien (TSE:NTR - Get Free Report) last issued its quarterly earnings data on Wednesday, May 6th. The company reported C$0.71 earnings per share (EPS) for the quarter. Nutrien had a net margin of 8.61% and a return on equity of 9.49%. The firm had revenue of C$8.41 billion during the quarter. As a group, equities analysts forecast that Nutrien Ltd. will post 5.3416399 EPS for the current year.
Nutrien Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, July 17th. Investors of record on Friday, July 17th will be given a dividend of $0.55 per share. The ex-dividend date is Tuesday, June 30th. This represents a $2.20 annualized dividend and a yield of 2.5%. Nutrien's payout ratio is 44.50%.
Wall Street Analysts Forecast Growth
A number of analysts have commented on the company. Wells Fargo & Company upgraded Nutrien from a "hold" rating to a "strong-buy" rating in a research report on Friday, March 13th. Raymond James Financial raised Nutrien from a "hold" rating to a "moderate buy" rating in a research report on Tuesday, May 5th. Barclays upgraded Nutrien from a "hold" rating to a "strong-buy" rating in a research note on Monday, April 27th. Berenberg Bank lowered shares of Nutrien from a "strong-buy" rating to a "hold" rating in a report on Wednesday, June 10th. Finally, UBS Group cut shares of Nutrien from a "hold" rating to a "strong sell" rating in a research note on Thursday, March 26th. Three research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of C$80.00.
Get Our Latest Stock Analysis on Nutrien
About Nutrien
(
Get Free Report)
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.
Further Reading
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
