Nutrien (TSE:NTR) Hits New 12-Month High – Still a Buy?

Nutrien Ltd. (TSE:NTR) reached a new 52-week high during trading on Wednesday . The stock traded as high as C$91.93 and last traded at C$91.91, with a volume of 3072254 shares traded. The stock had previously closed at C$85.11.

Wall Street Analysts Forecast Growth

Separately, Wells Fargo & Company upgraded shares of Nutrien to a “hold” rating in a research report on Tuesday, November 11th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Nutrien currently has an average rating of “Hold”.

Nutrien Stock Down 2.0%

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 company has a market capitalization of C$44.65 billion, a PE ratio of 24.90, a PEG ratio of 1.15 and a beta of 1.33. The company’s 50 day moving average is C$83.99 and its two-hundred day moving average is C$81.62.

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

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.