Nutrien (TSE:NTR) Hits New 1-Year High – Here’s Why

Nutrien Ltd. (TSE:NTRGet Free Report) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as C$98.06 and last traded at C$95.89, with a volume of 321189 shares traded. The stock had previously closed at C$96.26.

Analysts Set New Price Targets

Separately, Wells Fargo & Company upgraded Nutrien to a “hold” rating in a research note on Tuesday, November 11th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

View Our Latest Stock Analysis on Nutrien

Nutrien Trading Down 0.8%

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 market capitalization of C$46.16 billion, a price-to-earnings ratio of 25.74, a P/E/G ratio of 1.15 and a beta of 1.33. The firm’s 50-day moving average is C$85.42 and its 200 day moving average is C$82.11.

Nutrien (TSE:NTRGet Free Report) last issued its quarterly earnings results on Wednesday, November 5th. The company reported C$0.97 EPS for the quarter. The company had revenue of C$6.01 billion for the quarter. Nutrien had a net margin of 2.76% and a return on equity of 2.93%. On average, equities analysts predict that Nutrien Ltd. will post 5.3416399 earnings per share for the current fiscal year.

Insider Buying and Selling at Nutrien

In other news, insider Jeffrey Martin Tarsi sold 18,846 shares of the stock in a transaction dated 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 approximately C$202,531.20. This represents a 89.07% decrease in their ownership of the stock. Insiders own 0.03% of the company’s stock.

About Nutrien

(Get Free Report)

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.

Further Reading

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