Nutrien (TSE:NTR) Shares Down 1.1% – Time to Sell?

Nutrien Ltd. (TSE:NTR)’s stock price fell 1.1% during mid-day trading on Monday . The stock traded as low as C$77.46 and last traded at C$77.64. 1,197,140 shares were traded during trading, a decline of 38% from the average session volume of 1,917,414 shares. The stock had previously closed at C$78.51.

Analyst Ratings Changes

Several brokerages recently issued reports on NTR. Piper Sandler raised Nutrien from a “strong sell” rating to a “strong-buy” rating in a research note on Monday, January 13th. Barclays downgraded shares of Nutrien from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 21st. BNP Paribas upgraded shares of Nutrien to a “strong-buy” rating in a research report on Wednesday, April 9th. Finally, The Goldman Sachs Group upgraded shares of Nutrien to a “strong sell” rating in a report on Thursday, March 13th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of C$59.00.

Nutrien Trading Down 1.1 %

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 stock’s 50 day moving average is C$72.94 and its 200-day moving average is C$70.54. The company has a market cap of C$26.73 billion, a PE ratio of 36.56, a P/E/G ratio of 1.15 and a beta of 0.95.

Nutrien Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 10th. Stockholders of record on Monday, March 31st were paid a $0.545 dividend. This represents a $2.18 annualized dividend and a dividend yield of 2.81%. This is a positive change from Nutrien’s previous quarterly dividend of $0.54. Nutrien’s dividend payout ratio (DPR) is presently 137.48%.

Insider Activity

In other Nutrien news, Senior Officer Mark Thompson acquired 400 shares of the company’s stock in a transaction that occurred on Monday, March 31st. The stock was bought at an average price of C$71.18 per share, for a total transaction of C$28,472.00. Also, Director Michael Jeremiah Hennigan acquired 5,000 shares of the business’s stock in a transaction on Monday, February 24th. The stock was acquired at an average cost of C$73.98 per share, for a total transaction of C$369,910.00. In the last 90 days, insiders have purchased 9,250 shares of company stock valued at $678,302. 0.03% of the stock is currently owned by 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.