Nutrien (TSE:NTR) Sets New 52-Week Low – Time to Sell?

Nutrien Ltd. (TSE:NTR) hit a new 52-week low on Monday . The stock traded as low as C$0.01 and last traded at C$73.25, with a volume of 342055 shares changing hands. The stock had previously closed at C$75.82.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on NTR. Barclays lowered Nutrien from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 21st. Piper Sandler raised Nutrien from a “strong sell” rating to a “strong-buy” rating in a report on Monday, January 13th. Finally, Raymond James raised shares of Nutrien from a “hold” rating to a “moderate buy” rating in a research note on Tuesday, December 3rd. Five investment analysts have rated the stock with a hold rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Nutrien currently has a consensus rating of “Hold” and a consensus price target of C$59.00.

Nutrien Stock Down 5.2 %

The stock has a market cap of C$24.75 billion, a P/E ratio of 33.85, a price-to-earnings-growth ratio of 1.15 and a beta of 0.95. The firm has a 50 day simple moving average of C$71.98 and a 200-day simple moving average of C$67.74. The company has a quick ratio of 0.65, a current ratio of 1.27 and a debt-to-equity ratio of 59.10.

Nutrien Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Monday, March 31st will be issued a dividend of $0.545 per share. This is an increase from Nutrien’s previous quarterly dividend of $0.54. This represents a $2.18 annualized dividend and a yield of 3.03%. Nutrien’s dividend payout ratio (DPR) is currently 137.48%.

Insiders Place Their Bets

In other Nutrien news, Director Michael Jeremiah Hennigan bought 5,000 shares of Nutrien stock in a transaction dated Monday, February 24th. The stock was bought at an average price of C$73.98 per share, with a total value of C$369,910.00. Also, Senior Officer Mark Thompson purchased 1,350 shares of the firm’s stock in a transaction that occurred on Monday, March 3rd. The stock was acquired at an average price of C$71.89 per share, for a total transaction of C$97,051.50. Insiders purchased a total of 16,840 shares of company stock valued at $1,138,741 over the last ninety days. 0.03% of the stock is currently owned by company insiders.

Nutrien Company Profile

Nutrien Ltd. provides crop inputs and services. The company operates through four segments: Retail, Potash, Nitrogen, and Phosphate. The Retail segment distributes crop nutrients, crop protection products, seeds, and merchandise products. The Potash segment provides granular and standard potash products.