Nutrien (TSE:NTR) Stock Price Down 3.4% - Time to Sell?

Key Points

• Nutrien Ltd. stock has declined by 3.4%, with shares trading around C$78.95, marking a notable drop from a previous close of C$81.73.
• Analyst ratings reflect a mix of sentiment with two Strong Buy, five Hold, and one Sell rating, averaging to a general recommendation of "Hold."
• The company declared a quarterly dividend of $0.545 per share, translating to an annualized yield of 2.8% and a payout ratio of 78.06%.

Nutrien Ltd. (TSE:NTR - Get Free Report) dropped 3.4% on Wednesday . The company traded as low as C$78.94 and last traded at C$78.95. Approximately 1,986,997 shares were traded during mid-day trading, an increase of 21% from the average daily volume of 1,641,816 shares. The stock had previously closed at C$81.73.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Raymond James Financial cut Nutrien from a "moderate buy" rating to a "hold" rating in a research report on Tuesday, June 17th. National Bank Financial upgraded Nutrien to a "hold" rating in a report on Thursday, September 4th. Two research analysts have rated the stock with a Strong Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold".

Nutrien Price Performance

The stock has a market capitalization of C$38.36 billion, a P/E ratio of 28.40, a PEG ratio of 1.15 and a beta of 1.11. The stock's fifty day moving average is C$79.63 and its 200-day moving average is C$78.68. The company has a debt-to-equity ratio of 59.10, a current ratio of 1.27 and a quick ratio of 0.65.

Nutrien Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Friday, October 17th will be paid a dividend of $0.545 per share. This represents a $2.18 annualized dividend and a dividend yield of 2.8%. The ex-dividend date is Monday, September 29th. Nutrien's dividend payout ratio is 78.06%.

About Nutrien

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.