Shares of Nutrien Ltd. (NYSE:NTR) traded today at $92.82, eclipsing its 12-month high. So far today approximately 2.3 million shares have been exchanged, as compared to an average 30-day volume of 3.5 million shares.
Nutrien Ltd. was created in 2018 as a result of the merger between PotashCorp and Agrium, Nutrien is the world’s largest fertilizer producer by capacity. Nutrien produces the three main crop nutrients–nitrogen, potash, and phosphate–although 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 both its physical stores and online platforms.
In the past 12 months, Nutrien Ltd. share prices are bracketed by a low of $52.28 and a high of $92.82 and are now at $91.74, 75% above that low price.
Nutrien Ltd. defies analysts with a current price ($91.74) 3.6% above its average consensus price target of $88.48.
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