Nutrien (TSE:NTR) Stock Price Down 5.6% - Here's Why

Key Points

• Nutrien shares fell 5.6% intraday, trading as low as C$94.04 and last at C$95.19, on about 356,521 shares — roughly an 80% decline from its average daily volume.
• Analyst sentiment is mixed: the consensus rating is Moderate Buy with a consensus price target of C$80.00, amid both downgrades (e.g., UBS to strong sell) and upgrades (e.g., Barclays to strong-buy).
• Recent fundamentals show a market cap of ~C$44.9B, trailing P/E of 20.02, and the latest quarter reported C$0.71 EPS on revenue of C$8.41 billion.

Nutrien Ltd. (TSE:NTR - Get Free Report) shares dropped 5.6% during mid-day trading on Thursday . The company traded as low as C$94.04 and last traded at C$95.19. Approximately 356,521 shares changed hands during mid-day trading, a decline of 80% from the average daily volume of 1,784,917 shares. The stock had previously closed at C$100.81.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. BNP Paribas Exane lowered Nutrien from a "strong-buy" rating to a "hold" rating in a research note on Monday, February 23rd. UBS Group lowered Nutrien from a "hold" rating to a "strong sell" rating in a research note on Thursday, March 26th. TD Securities upped their price objective on Nutrien from C$72.00 to C$80.00 and gave the stock a "buy" rating in a research note on Wednesday, February 18th. Barclays upgraded Nutrien from a "hold" rating to a "strong-buy" rating in a research note on Monday, April 27th. Finally, Raymond James Financial upgraded Nutrien from a "hold" rating to a "moderate buy" rating in a research note on Tuesday. Three investment analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of C$80.00.

Nutrien Price Performance

The company has a market cap of C$44.89 billion, a P/E ratio of 20.02, a P/E/G ratio of 1.15 and a beta of 1.12. The company has a debt-to-equity ratio of 51.16, a quick ratio of 0.65 and a current ratio of 1.34. The firm's fifty day moving average is C$103.02 and its two-hundred day moving average is C$92.25.

Nutrien (TSE:NTR - Get Free Report) last released its quarterly earnings data on Wednesday, May 6th. The company reported C$0.71 EPS for the quarter. Nutrien had a net margin of 8.44% and a return on equity of 9.13%. The business had revenue of C$8.41 billion during the quarter. As a group, analysts anticipate that Nutrien Ltd. will post 5.3416399 earnings per share for the current fiscal year.

Nutrien Company Profile

Nutrien is a leading global provider of crop inputs and services. We operate a world-class network of production, distribution and ag retail facilities that positions us to efficiently serve the needs of growers. We focus on creating long-term value by prioritizing investments that strengthen the advantages of our business across the ag value chain and by maintaining access to the resources and the relationships with stakeholders needed to achieve our goals.

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