Nutrien Ltd. (TSE:NTR – Get Free Report)’s share price crossed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of C$98.67 and traded as high as C$100.75. Nutrien shares last traded at C$100.36, with a volume of 1,560,124 shares changing hands.
Wall Street Analysts Forecast Growth
A number of research firms recently weighed in on NTR. Jefferies Financial Group lowered shares of Nutrien from a “buy” rating to a “hold” rating and cut their target price for the stock from C$96.00 to C$63.00 in a research note on Thursday, July 16th. KeyCorp initiated coverage on Nutrien in a research note on Thursday, September 10th. They issued a “hold” rating for the company. National Bank Financial downgraded shares of Nutrien from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 25th. BNP Paribas Exane upgraded shares of Nutrien from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 28th. Finally, Freedom Broker initiated coverage on Nutrien in a research note on Tuesday, October 27th. They set a “hold” rating for the company. Three research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Nutrien has a consensus rating of “Moderate Buy” and an average target price of C$74.33.
Check Out Our Latest Stock Analysis on Nutrien
Nutrien Price Performance
The company has a debt-to-equity ratio of 49.14, a quick ratio of 0.65 and a current ratio of 1.39. The stock has a market capitalization of C$47.89 billion, a PE ratio of 20.32, a P/E/G ratio of 1.15 and a beta of 0.69. The company’s fifty day simple moving average is C$102.31 and its two-hundred day simple moving average is C$98.67.
Nutrien (TSE:NTR – Get Free Report) last released its quarterly earnings results on Wednesday, November 4th. The company reported C$0.87 earnings per share for the quarter. Nutrien had a return on equity of 9.27% and a net margin of 8.44%. The company had revenue of C$8.63 billion during the quarter. As a group, sell-side analysts predict that Nutrien Ltd. will post 5.34 EPS for the current year.
Nutrien Company Profile
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.
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