Nutrien (TSE:NTR) Sets New 52-Week High – Should You Buy?

Nutrien Ltd. (TSE:NTR)’s stock price reached a new 52-week high during trading 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.

Wall Street Analysts Forecast Growth

Separately, Wells Fargo & Company upgraded shares of 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 stock. According to data from MarketBeat.com, Nutrien presently has a consensus rating of “Hold”.

Nutrien Stock Performance

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 firm has a 50-day moving average of C$89.50 and a 200 day moving average of C$83.44. The stock has a market capitalization of C$46.63 billion, a P/E ratio of 26.00, a PEG ratio of 1.15 and a beta of 1.31.

Nutrien (TSE:NTR) last announced its quarterly earnings results on Wednesday, November 5th. The company reported C$0.97 earnings per share (EPS) for the quarter. The firm 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%. Research analysts anticipate that Nutrien Ltd. will post 5.3416399 EPS for the current fiscal year.

Insider Buying and Selling

In other Nutrien news, insider Jeffrey Martin Tarsi sold 18,846 shares of Nutrien 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 sale, the insider directly 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. 0.03% of the stock is currently 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.