Nutrien (TSE:NTR) Share Price Breaks Above 200-Day Moving Average – Should You Sell?

Nutrien Ltd. (TSE:NTR) passed above its two hundred day moving average during trading on Wednesday. The stock has a two hundred 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.

Analysts Set New Price Targets

NTR has been the topic of several recent analyst reports. Freedom Broker started coverage on shares of Nutrien in a report on Tuesday, October 27th. They issued a “hold” rating on the stock. KeyCorp assumed coverage on Nutrien in a research note on Thursday, September 10th. They set a “hold” rating on the stock. Jefferies Financial Group cut shares of Nutrien from a “buy” rating to a “hold” rating and decreased their price objective for the company from C$96.00 to C$63.00 in a report on Thursday, July 16th. National Bank Financial cut shares of Nutrien from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 25th. Finally, BNP Paribas Exane upgraded Nutrien from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 28th. Three research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$74.33.

Nutrien Trading Up 3.4%

The company has a debt-to-equity ratio of 49.14, a current ratio of 1.39 and a quick ratio of 0.65. The company has a fifty day simple moving average of C$102.31 and a two-hundred day simple moving average of C$98.67. The company has a market capitalization of C$47.89 billion, a P/E ratio of 20.32, a price-to-earnings-growth ratio of 1.15 and a beta of 0.69.

Nutrien (TSE:NTR) last announced its 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 firm had revenue of C$8.63 billion during the quarter. On average, analysts forecast that Nutrien Ltd. will post 5.34 earnings per share for the current fiscal 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.