Nutrien (TSE:NTR) Stock Price Down 2.6% – Should You Sell?

Nutrien Ltd. (TSE:NTR)’s stock price traded down 2.6% on Thursday . The company traded as low as C$84.64 and last traded at C$84.94. 2,843,863 shares were traded during mid-day trading, an increase of 72% from the average session volume of 1,656,718 shares. The stock had previously closed at C$87.24.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Wells Fargo & Company upgraded Nutrien to a “hold” rating in a research note on Tuesday, November 11th. National Bank Financial upgraded shares of Nutrien to a “hold” rating in a research report on Thursday, September 4th. Two analysts have rated the stock with a Strong Buy rating, five 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 currently has a consensus rating of “Hold”.

Nutrien Trading Down 2.6%

The business has a 50 day simple moving average of C$81.17 and a 200 day simple moving average of C$81.08. The company has a debt-to-equity ratio of 59.10, a current ratio of 1.27 and a quick ratio of 0.65. The company has a market cap of C$41.05 billion, a price-to-earnings ratio of 22.89, a price-to-earnings-growth ratio of 1.15 and a beta of 1.31.

Nutrien (TSE:NTR) last announced its earnings results on Wednesday, November 5th. The company reported C$0.97 earnings per share for the quarter. The company had revenue of C$6.01 billion during the quarter. Nutrien had a return on equity of 2.93% and a net margin of 2.76%. As a group, equities analysts forecast that Nutrien Ltd. will post 5.3416399 EPS for the current year.

Nutrien Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, October 17th. Stockholders of record on Friday, October 17th were given a dividend of $0.545 per share. This represents a $2.18 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date was Monday, September 29th. Nutrien’s dividend payout ratio is presently 58.63%.

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.