Nutrien (TSE:NTR) Sets New 52-Week High – Still a Buy?

Nutrien Ltd. (TSE:NTR)’s stock price reached a new 52-week high during mid-day trading on Friday . The stock traded as high as C$99.94 and last traded at C$98.48, with a volume of 88744 shares traded. The stock had previously closed at C$98.29.

Analysts Set New Price Targets

Several brokerages have recently weighed in on NTR. Wells Fargo & Company upgraded Nutrien to a “hold” rating in a research report on Tuesday, November 11th. TD Securities lifted their target price on Nutrien from C$72.00 to C$80.00 and gave the company a “buy” rating in a report on Wednesday. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of C$80.00.

Nutrien Stock Down 1.5%

The company has a market cap of C$46.78 billion, a PE ratio of 26.09, a P/E/G ratio of 1.15 and a beta of 1.31. The stock has a 50-day moving average of C$90.66 and a 200-day moving average of C$83.85. The company has a quick ratio of 0.65, a current ratio of 1.27 and a debt-to-equity ratio of 59.10.

Insider Activity

In other news, insider Jeffrey Martin Tarsi sold 18,846 shares of the business’s stock in a transaction dated 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 owned 2,312 shares of the company’s stock, valued at approximately C$202,531.20. The trade was a 89.07% decrease in their ownership of the stock. Company insiders own 0.03% of the company’s stock.

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.