Nutrien (TSE:NTR) Hits New 1-Year High – Time to Buy?

Shares of Nutrien Ltd. (TSE:NTR) reached a new 52-week high during trading on Friday . The company traded as high as C$99.94 and last traded at C$98.48, with a volume of 88744 shares. The stock had previously closed at C$98.29.

Analysts Set New Price Targets

NTR has been the topic of several research reports. 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 report on Wednesday. Wells Fargo & Company raised Nutrien to a “hold” rating in a research note on Tuesday, November 11th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of C$80.00.

Nutrien Trading Down 1.5%

The company has a current ratio of 1.27, a quick ratio of 0.65 and a debt-to-equity ratio of 59.10. The firm has a fifty day simple moving average of C$90.66 and a two-hundred day simple moving average of C$83.85. The firm has a market cap of C$46.78 billion, a PE ratio of 26.09, a PEG ratio of 1.15 and a beta of 1.31.

Insider Activity at Nutrien

In related news, insider Jeffrey Martin Tarsi sold 18,846 shares of the firm’s stock in a transaction on Tuesday, December 23rd. The stock was sold at an average price of C$87.60, for a total value of C$1,650,909.60. Following the completion of the sale, 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 ownership of the stock. 0.03% of the stock is currently owned by corporate insiders.

Nutrien Company Profile

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.