Nutrien (TSE:NTR) Sets New 1-Year High – Here’s Why

Nutrien Ltd. (TSE:NTR)’s share price reached a new 52-week high during trading on Wednesday . The company traded as high as C$91.93 and last traded at C$91.91, with a volume of 3072254 shares traded. The stock had previously closed at C$85.11.

Analysts Set New Price Targets

Separately, Wells Fargo & Company raised shares of Nutrien to a “hold” rating in a research note on Tuesday, November 11th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold”.

Nutrien Stock Up 8.0%

The firm has a fifty day simple moving average of C$83.11 and a 200 day simple moving average of C$81.37. 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 cap of C$44.42 billion, a PE ratio of 24.77, a PEG ratio of 1.15 and a beta of 1.33.

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

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.