Nutrien (TSE:NTR) Sets New 52-Week Low - What's Next?

Shares of Nutrien Ltd. (TSE:NTR - Get Free Report) 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 trading hands. The stock had previously closed at C$75.82.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Raymond James upgraded Nutrien from a "hold" rating to a "moderate buy" rating in a research note on Tuesday, December 3rd. Piper Sandler raised Nutrien from a "strong sell" rating to a "strong-buy" rating in a report on Monday, January 13th. Finally, Barclays downgraded Nutrien from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, January 21st. Five equities research analysts have rated the stock with a hold rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of C$59.00.

Nutrien Stock Performance

The stock has a market cap of C$25.27 billion, a price-to-earnings ratio of 34.56, a P/E/G ratio of 1.15 and a beta of 0.95. 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 company has a 50 day simple moving average of C$72.60 and a 200 day simple moving average of C$67.94.

Nutrien Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 10th. Shareholders of record on Monday, March 31st will be paid a dividend of $0.545 per share. This represents a $2.18 dividend on an annualized basis and a dividend yield of 2.97%. This is a boost from Nutrien's previous quarterly dividend of $0.54. Nutrien's payout ratio is presently 137.48%.

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Insider Activity at Nutrien

In other Nutrien news, Director Kenneth Alvin Seitz bought 10,490 shares of the business's stock in a transaction that occurred on Tuesday, December 24th. The shares were acquired at an average cost of C$64.04 per share, for a total transaction of C$671,779.60. Also, Senior Officer Mark Thompson purchased 1,350 shares of the firm's stock in a transaction on Monday, March 3rd. The stock was acquired at an average price of C$71.89 per share, with a total value of C$97,051.50. Insiders have bought a total of 16,840 shares of company stock valued at $1,138,741 in the last 90 days. 0.03% of the stock is owned by corporate 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.