Nutrien (TSE:NTR) Sets New 1-Year High – Should You Buy?

Nutrien Ltd. (TSE:NTR)’s share price hit a new 52-week high during 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 changing hands. The stock had previously closed at C$96.26.

Analyst Upgrades and Downgrades

Separately, Wells Fargo & Company upgraded Nutrien to a “hold” rating in a research report on Tuesday, November 11th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold”.

Nutrien Stock Down 1.1%

The stock has a market cap of C$46.36 billion, a P/E ratio of 25.85, a P/E/G ratio of 1.15 and a beta of 1.33. 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 50-day simple moving average of C$86.46 and a two-hundred day simple moving average of C$82.40.

Nutrien (TSE:NTR) last issued its 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 forecast that Nutrien Ltd. will post 5.3416399 EPS for the current year.

Insider Buying and Selling

In other Nutrien news, insider Jeffrey Martin Tarsi sold 18,846 shares of the stock in a transaction that occurred 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 in the company, valued at approximately C$202,531.20. This trade represents a 89.07% decrease in their position. 0.03% of the stock is owned by insiders.

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.