Nutrien (TSE:NTR) Reaches 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 Wednesday . The stock traded as high as C$91.93 and last traded at C$91.91, with a volume of 3072254 shares. The stock had previously closed at C$85.11.

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 research analyst has rated the stock with a Strong Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Nutrien presently has a consensus rating of “Hold”.

Nutrien Price Performance

The stock has a market capitalization of C$44.42 billion, a PE ratio of 24.77, a P/E/G ratio of 1.15 and a beta of 1.33. The company has a debt-to-equity ratio of 59.10, a quick ratio of 0.65 and a current ratio of 1.27. The company’s fifty day simple moving average is C$83.11 and its two-hundred day simple moving average is C$81.37.

Nutrien (TSE:NTR) last released its quarterly earnings results on Wednesday, November 5th. The company reported C$0.97 EPS for the quarter. Nutrien had a net margin of 2.76% and a return on equity of 2.93%. The business had revenue of C$6.01 billion for the quarter. As a group, sell-side analysts predict that Nutrien Ltd. will post 5.3416399 EPS for the current year.

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.