Nutrien (TSE:NTR) Sets New 12-Month High – Here’s What Happened

Nutrien Ltd. (TSE:NTR) shares reached a new 52-week high on Thursday . The company traded as high as C$100.67 and last traded at C$99.15, with a volume of 1634241 shares changing hands. The stock had previously closed at C$99.67.

Wall Street Analyst Weigh In

NTR has been the subject of a number of research reports. BNP Paribas Exane cut shares of Nutrien from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 23rd. TD Securities upped their target price on Nutrien from C$72.00 to C$80.00 and gave the company a “buy” rating in a research report on Wednesday, February 18th. Finally, Wells Fargo & Company upgraded Nutrien to a “hold” rating in a research note on Tuesday, November 11th. One research analyst has rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of C$80.00.

Nutrien Price Performance

The firm has a market cap of C$49.59 billion, a P/E ratio of 27.65, a PEG ratio of 1.15 and a beta of 1.31. The company has a debt-to-equity ratio of 59.10, a current ratio of 1.27 and a quick ratio of 0.65. The company’s 50-day moving average is C$92.31 and its two-hundred day moving average is C$84.71.

Nutrien (TSE:NTR) last issued its earnings results on Wednesday, February 18th. The company reported C$1.14 EPS for the quarter. Nutrien had a net margin of 2.76% and a return on equity of 2.93%. The company had revenue of C$5.34 billion during the quarter. Sell-side analysts anticipate that Nutrien Ltd. will post 5.3416399 EPS for the current fiscal year.

Insiders Place Their Bets

In other Nutrien news, insider Jeffrey Martin Tarsi sold 18,846 shares of the business’s stock in a transaction that occurred on Tuesday, December 23rd. The shares were sold at an average price of C$87.60, for a total transaction of C$1,650,909.60. Following the sale, the insider directly owned 2,312 shares of the company’s stock, valued at C$202,531.20. The trade was a 89.07% decrease in their position. 0.03% of the stock is owned by corporate 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.