Nutrien (TSE:NTR) Hits New 1-Year High – What’s Next?

Nutrien Ltd. (TSE:NTR)’s share price reached a new 52-week high on Wednesday . The stock traded as high as C$98.21 and last traded at C$98.07, with a volume of 349870 shares changing hands. The stock had previously closed at C$96.36.

Analyst Ratings Changes

Separately, Wells Fargo & Company raised Nutrien to a “hold” rating in a research note on Tuesday, November 11th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Nutrien Price Performance

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 company has a market cap of C$47.92 billion, a price-to-earnings ratio of 26.73, a P/E/G ratio of 1.15 and a beta of 1.31. The business has a 50-day moving average price of C$88.69 and a 200 day moving average price of C$83.14.

Nutrien (TSE:NTR) last released 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 firm had revenue of C$6.01 billion during the quarter. As a group, research analysts expect that Nutrien Ltd. will post 5.3416399 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Nutrien news, insider Jeffrey Martin Tarsi sold 18,846 shares of the stock in a transaction on Tuesday, December 23rd. The stock was sold at an average price of C$87.60, for a total transaction of C$1,650,909.60. Following the completion of the transaction, the insider directly owned 2,312 shares in the company, valued at C$202,531.20. This represents a 89.07% decrease in their ownership of the stock. 0.03% of the stock is currently owned by corporate insiders.

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.