Nutrien (TSE:NTR) Shares Cross Below 50 Day Moving Average – Time to Sell?

Nutrien Ltd. (TSE:NTR) crossed below its 50-day moving average during trading on Thursday. The stock has a 50-day moving average of C$101.93 and traded as low as C$99.45. Nutrien shares last traded at C$101.50, with a volume of 678,500 shares changing hands.

Analyst Ratings Changes

Several analysts have recently commented on NTR shares. BNP Paribas Exane upgraded Nutrien from a “hold” rating to a “strong-buy” rating and increased their target price for the stock from C$99.26 to C$112.99 in a report on Tuesday, July 28th. KeyCorp assumed coverage on Nutrien in a research note on Thursday, September 10th. They set a “hold” rating on the stock. Jefferies Financial Group restated a “neutral” rating on shares of Nutrien in a research report on Monday, October 12th. JPMorgan Chase & Co. restated a “buy” rating on shares of Nutrien in a research report on Friday, August 7th. Finally, Freedom Broker started coverage on shares of Nutrien in a report on Tuesday, October 27th. They issued a “hold” rating for the company. Two research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of C$95.94.

Nutrien Stock Performance

The company has a 50-day simple moving average of C$101.93 and a two-hundred day simple moving average of C$98.88. The company has a quick ratio of 0.65, a current ratio of 1.41 and a debt-to-equity ratio of 54.89. The firm has a market cap of C$48.12 billion, a PE ratio of 22.16, a PEG ratio of 1.15 and a beta of 0.52.

Nutrien (TSE:NTR) last posted its quarterly earnings results on Wednesday, November 4th. The company reported C$0.87 earnings per share (EPS) for the quarter. Nutrien had a net margin of 7.78% and a return on equity of 8.53%. The company had revenue of C$8.63 billion for the quarter. As a group, equities research analysts forecast that Nutrien Ltd. will post 5.34 earnings per share for the current year.

About Nutrien

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.