Nutrien (TSE:NTR) Rating Increased to Hold at Wells Fargo & Company

Wells Fargo & Company upgraded shares of Nutrien (TSE:NTR) to a hold rating in a research report sent to investors on Tuesday,Zacks.com reports.

Separately, National Bank Financial upgraded shares of Nutrien to a “hold” rating in a research note on Thursday, September 4th. Two investment analysts have rated the stock with a Strong Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Nutrien has a consensus rating of “Hold”.

Nutrien Trading Up 0.9%

Nutrien stock traded up C$0.79 during trading hours on Tuesday, reaching C$83.95. 140,428 shares of the company’s stock were exchanged, compared to its average volume of 1,641,285. The firm’s 50 day simple moving average is C$80.08 and its 200 day simple moving average is C$80.62. Nutrien has a twelve month low of C$62.89 and a twelve month high of C$88.03. The company has a quick ratio of 0.65, a current ratio of 1.27 and a debt-to-equity ratio of 59.10. The firm has a market capitalization of C$40.58 billion, a PE ratio of 22.63, a PEG ratio of 1.15 and a beta of 1.19.

Nutrien Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 17th. Shareholders of record on Friday, October 17th were paid a dividend of $0.545 per share. The ex-dividend date was Monday, September 29th. This represents a $2.18 annualized dividend and a yield of 2.6%. Nutrien’s dividend payout ratio (DPR) is 58.63%.

About Nutrien

Nutrien is the world’s largest fertilizer producer by capacity. Nutrien produces the three main crop nutrientsnitrogen, potash, and phosphatealthough its main focus is potash, where it is the global leader in installed capacity with roughly 20% share. The company is also the largest agricultural retailer in the United States, selling fertilizers, crop chemicals, seeds, and services directly to farm customers through its brick-and-mortar stores and online platforms.