Nutrien (TSE:NTR) Stock Price Down 2.6% – Here’s Why

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

Analyst Ratings Changes

A number of brokerages have commented on NTR. Wells Fargo & Company upgraded Nutrien to a “hold” rating in a research note on Tuesday, November 11th. National Bank Financial raised Nutrien to a “hold” rating in a report on Thursday, September 4th. Two investment analysts have rated the stock with a Strong Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Nutrien presently has an average rating of “Hold”.

Nutrien Stock Performance

The stock has a market cap of C$41.49 billion, a P/E ratio of 23.13, a PEG ratio of 1.15 and a beta of 1.31. 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 fifty day moving average of C$81.21 and a 200 day moving average of C$81.10.

Nutrien (TSE:NTR) last posted its quarterly earnings data 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 net margin of 2.76% and a return on equity of 2.93%. On average, equities analysts predict that Nutrien Ltd. will post 5.3416399 earnings per share for the current fiscal year.

Nutrien Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 17th. Shareholders of record on Friday, October 17th were paid a dividend of $0.545 per share. The ex-dividend date of this dividend was Monday, September 29th. This represents a $2.18 dividend on an annualized basis and a yield of 2.5%. Nutrien’s dividend payout ratio is currently 58.63%.

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.