Nutrien (TSE:NTR) Stock Price Up 0.4% – Should You Buy?

Nutrien Ltd. (TSE:NTR) shares traded up 0.4% on Friday . The stock traded as high as C$84.85 and last traded at C$83.28. 1,806,599 shares changed hands during trading, a decline of 21% from the average session volume of 2,282,817 shares. The stock had previously closed at C$82.93.

Analyst Ratings Changes

Separately, Wells Fargo & Company raised Nutrien to a “hold” rating in a research report on Tuesday, November 11th. Two equities research analysts have rated the stock with a Strong Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold”.

Nutrien Price Performance

The company has a quick ratio of 0.65, a current ratio of 1.27 and a debt-to-equity ratio of 59.10. The firm’s fifty day moving average price is C$82.81 and its two-hundred day moving average price is C$81.30. The stock has a market capitalization of C$40.25 billion, a PE ratio of 22.45, a PEG ratio of 1.15 and a beta of 1.33.

Nutrien (TSE:NTR) last issued 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 company had revenue of C$6.01 billion for the quarter. On average, equities analysts predict that Nutrien Ltd. will post 5.3416399 earnings per share for the current year.

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.