Nutrien (TSE:NTR) Hits New 12-Month High – Time to Buy?

Shares of Nutrien Ltd. (TSE:NTR) hit a new 52-week high on Wednesday . The stock traded as high as C$107.40 and last traded at C$106.55, with a volume of 712630 shares trading hands. The stock had previously closed at C$103.40.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on NTR. BNP Paribas Exane lowered Nutrien from a “strong-buy” rating to a “hold” rating in a report on Monday, February 23rd. Wells Fargo & Company upgraded shares of Nutrien to a “hold” rating in a research report on Tuesday, November 11th. Finally, TD Securities upped their price objective on shares of Nutrien from C$72.00 to C$80.00 and gave the stock a “buy” rating in a research report on Wednesday, February 18th. One analyst has rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of C$80.00.

Nutrien Trading Up 3.5%

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 business has a 50 day moving average price of C$94.55 and a 200-day moving average price of C$85.96. The firm has a market capitalization of C$51.56 billion, a PE ratio of 22.95, a P/E/G ratio of 1.15 and a beta of 1.26.

Nutrien (TSE:NTR) last posted its quarterly earnings results on Wednesday, February 18th. The company reported C$1.14 earnings per share for the quarter. The firm had revenue of C$5.34 billion for the quarter. Nutrien had a return on equity of 9.13% and a net margin of 8.44%. Analysts expect that Nutrien Ltd. will post 5.3416399 earnings per share for the current 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 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 in the company, valued at C$202,531.20. This trade represents a 89.07% decrease in their position. 0.03% of the stock is currently owned by company 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.