Nutrien (TSE:NTR) Stock Price Down 1.1% - Here's What Happened

Nutrien Ltd. (TSE:NTR - Get Free Report)'s share price was down 1.1% during trading on Monday . The stock traded as low as C$77.46 and last traded at C$77.64. Approximately 1,197,140 shares traded hands during trading, a decline of 38% from the average daily volume of 1,917,414 shares. The stock had previously closed at C$78.51.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. Piper Sandler upgraded shares of Nutrien from a "strong sell" rating to a "strong-buy" rating in a research report on Monday, January 13th. The Goldman Sachs Group raised Nutrien to a "strong sell" rating in a report on Thursday, March 13th. BNP Paribas upgraded Nutrien to a "strong-buy" rating in a research report on Wednesday, April 9th. Finally, Barclays lowered Nutrien from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, January 21st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of C$59.00.

Nutrien Price Performance

The company has a current ratio of 1.27, a quick ratio of 0.65 and a debt-to-equity ratio of 59.10. The firm has a market cap of C$26.67 billion, a price-to-earnings ratio of 36.48, a price-to-earnings-growth ratio of 1.15 and a beta of 0.95. The stock has a 50-day moving average of C$73.12 and a two-hundred day moving average of C$70.73.

Nutrien Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 18th. Investors of record on Monday, June 30th will be paid a $0.545 dividend. This represents a $2.18 dividend on an annualized basis and a yield of 2.81%. Nutrien's dividend payout ratio is 137.48%.

Insider Buying and Selling at Nutrien

In other news, Senior Officer Mark Thompson purchased 1,350 shares of the stock in a transaction that occurred 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. Also, Director Michael Jeremiah Hennigan acquired 5,000 shares of the business's stock in a transaction that occurred on Monday, February 24th. The shares were acquired at an average cost of C$73.98 per share, for a total transaction of C$369,910.00. Insiders have bought a total of 9,470 shares of company stock valued at $695,156 in the last three months. 0.03% of the stock is currently owned by company insiders.

Nutrien Company Profile

Nutrien is the world's largest fertilizer producer by capacity. Nutrien produces the three main crop nutrientsnitrogen, potash, and phosphatealthough its main focus is potash, where it is the global leader in installed capacity with roughly 20% share. The company is also the largest agricultural retailer in the United States, selling fertilizers, crop chemicals, seeds, and services directly to farm customers through its brick-and-mortar stores and online platforms.