Nutrien (TSE:NTR) Hits New 12-Month High – Time to Buy?

Nutrien Ltd. (TSE:NTR)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as C$107.40 and last traded at C$106.55, with a volume of 712630 shares traded. The stock had previously closed at C$103.40.

Wall Street Analyst Weigh In

Several research firms have recently commented on NTR. BNP Paribas Exane lowered shares of Nutrien from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 23rd. TD Securities increased their target price on shares of Nutrien from C$72.00 to C$80.00 and gave the stock a “buy” rating in a report on Wednesday, February 18th. Finally, Wells Fargo & Company raised shares of Nutrien to a “hold” rating in a research report on Tuesday, November 11th. One research analyst has rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of C$80.00.

Nutrien Stock Up 3.5%

The firm has a market cap of C$51.56 billion, a PE ratio of 22.95, a PEG ratio of 1.15 and a beta of 1.26. The company has a current ratio of 1.34, a quick ratio of 0.65 and a debt-to-equity ratio of 51.16. The firm has a 50 day moving average price of C$94.55 and a 200-day moving average price of C$85.96.

Nutrien (TSE:NTR) last announced its quarterly earnings data on Wednesday, February 18th. The company reported C$1.14 earnings per share for the quarter. The business had revenue of C$5.34 billion for the quarter. Nutrien had a net margin of 8.44% and a return on equity of 9.13%. Research analysts forecast that Nutrien Ltd. will post 5.3416399 EPS for the current fiscal year.

Insider Activity

In related news, insider Jeffrey Martin Tarsi sold 18,846 shares of the firm’s 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 transaction of C$1,650,909.60. Following the transaction, the insider owned 2,312 shares in the company, valued at C$202,531.20. This trade represents a 89.07% decrease in their position. 0.03% of the stock is currently owned by company insiders.

Nutrien Company Profile

Nutrien is a leading global provider of crop inputs and services. We operate a world-class network of production, distribution and ag retail facilities that positions us to efficiently serve the needs of growers. We focus on creating long-term value by prioritizing investments that strengthen the advantages of our business across the ag value chain and by maintaining access to the resources and the relationships with stakeholders needed to achieve our goals.