Nutrien (TSE:NTR) Stock Price Down 5.6% – Here’s Why

Nutrien Ltd. (TSE:NTR) shares traded down 5.6% during trading on Thursday . The stock traded as low as C$94.04 and last traded at C$95.19. 356,521 shares changed hands during trading, a decline of 80% from the average session volume of 1,784,917 shares. The stock had previously closed at C$100.81.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Raymond James Financial raised shares of Nutrien from a “hold” rating to a “moderate buy” rating in a report on Tuesday. Jefferies Financial Group raised shares of Nutrien from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 12th. BNP Paribas Exane downgraded shares of Nutrien from a “strong-buy” rating to a “hold” rating in a report on Monday, February 23rd. Barclays raised shares of Nutrien from a “hold” rating to a “strong-buy” rating in a report on Monday, April 27th. Finally, Wells Fargo & Company raised Nutrien from a “hold” rating to a “strong-buy” rating in a research note on Friday, March 13th. Three research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of C$80.00.

Nutrien Trading Down 7.5%

The company has a quick ratio of 0.65, a current ratio of 1.34 and a debt-to-equity ratio of 51.16. The firm has a market cap of C$44.89 billion, a P/E ratio of 20.02, a P/E/G ratio of 1.15 and a beta of 1.12. The company’s 50 day simple moving average is C$103.02 and its 200-day simple moving average is C$92.25.

Nutrien (TSE:NTR) last announced its quarterly earnings data on Wednesday, May 6th. The company reported C$0.71 earnings per share (EPS) for the quarter. The business had revenue of C$8.41 billion during the quarter. Nutrien had a net margin of 8.44% and a return on equity of 9.13%. As a group, research analysts predict that Nutrien Ltd. will post 5.3416399 earnings per share 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.