Nutrien (TSE:NTR) Sets New 1-Year High – What’s Next?

Shares of Nutrien Ltd. (TSE:NTR) reached a new 52-week high on Friday . The company traded as high as C$99.94 and last traded at C$98.48, with a volume of 88744 shares. The stock had previously closed at C$98.29.

Analyst Ratings Changes

Several equities analysts recently issued reports on NTR shares. Wells Fargo & Company upgraded Nutrien to a “hold” rating in a report on Tuesday, November 11th. TD Securities raised their target price on shares of Nutrien from C$72.00 to C$80.00 and gave the company a “buy” rating in a research note on Wednesday. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of C$80.00.

Nutrien Price Performance

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 has a market capitalization of C$47.09 billion, a price-to-earnings ratio of 26.26, a price-to-earnings-growth ratio of 1.15 and a beta of 1.31. The company has a 50-day moving average price of C$90.88 and a 200-day moving average price of C$83.98.

Insiders Place Their Bets

In other Nutrien news, insider Jeffrey Martin Tarsi sold 18,846 shares of the stock in a transaction on Tuesday, December 23rd. The shares were sold at an average price of C$87.60, for a total value of C$1,650,909.60. Following the sale, the insider directly owned 2,312 shares in the company, valued at approximately C$202,531.20. This trade represents a 89.07% decrease in their ownership of the stock. Company insiders own 0.03% of the company’s stock.

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.