Nutrien (TSE:NTR) Shares Cross Below Fifty Day Moving Average – Here’s Why

Nutrien Ltd. (TSE:NTR) passed below its 50-day moving average during trading on Thursday. The stock has a 50-day moving average of C$101.93 and traded as low as C$99.45. Nutrien shares last traded at C$101.50, with a volume of 678,500 shares.

Analyst Ratings Changes

NTR has been the subject of a number of recent analyst reports. National Bank Financial downgraded Nutrien from a “strong-buy” rating to a “hold” rating and set a C$106.63 target price for the company. in a report on Tuesday, August 25th. KeyCorp assumed coverage on shares of Nutrien in a report on Thursday, September 10th. They issued a “hold” rating on the stock. Freedom Broker initiated coverage on shares of Nutrien in a research report on Tuesday, October 27th. They set a “hold” rating on the stock. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Nutrien in a research report on Friday, August 7th. Finally, BNP Paribas Exane raised shares of Nutrien from a “hold” rating to a “strong-buy” rating and lifted their target price for the company from C$99.26 to C$112.99 in a research note on Tuesday, July 28th. Two analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$95.94.

Nutrien Trading Down 0.6%

The firm has a 50-day moving average price of C$101.93 and a 200-day moving average price of C$98.88. The company has a debt-to-equity ratio of 54.89, a quick ratio of 0.65 and a current ratio of 1.41. The stock has a market cap of C$48.12 billion, a PE ratio of 22.16, a price-to-earnings-growth ratio of 1.15 and a beta of 0.52.

Nutrien (TSE:NTR) last posted its earnings results on Wednesday, November 4th. The company reported C$0.87 earnings per share (EPS) for the quarter. Nutrien had a net margin of 7.78% and a return on equity of 8.53%. The business had revenue of C$8.63 billion for the quarter. As a group, equities analysts anticipate that Nutrien Ltd. will post 5.34 EPS for the current fiscal year.

About Nutrien

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.