Nutrien (TSE:NTR) Reaches New 12-Month Low – Here’s What Happened

Nutrien Ltd. (TSE:NTR)’s stock price hit a new 52-week low during mid-day trading 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 Analyst Weigh In

NTR has been the topic of a number of research reports. Raymond James upgraded Nutrien from a “hold” rating to a “moderate buy” rating in a report on Tuesday, December 3rd. Barclays downgraded shares of Nutrien from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 21st. Finally, Piper Sandler upgraded shares of Nutrien from a “strong sell” rating to a “strong-buy” rating in a research note on Monday, January 13th. Five investment analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of C$59.00.

Nutrien Stock Performance

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

Nutrien Increases Dividend

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

Insiders Place Their Bets

In other news, Director Kenneth Alvin Seitz purchased 10,490 shares of the firm’s stock in a transaction dated Tuesday, December 24th. The stock was bought at an average price of C$64.04 per share, with a total value of C$671,779.60. Also, Senior Officer Mark Thompson purchased 1,350 shares of the company’s stock in a transaction dated Monday, March 3rd. The shares were acquired at an average cost of C$71.89 per share, for a total transaction of C$97,051.50. Over the last quarter, insiders have purchased 16,840 shares of company stock worth $1,138,741. Insiders own 0.03% of the company’s stock.

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.