Investors Should Take Note Of Nutrien Ltd (NTR)

Nutrien Ltd (NTR) concluded trading on Thursady at a closing price of $54.15, with 3.56 million shares of worth about $192.81 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -10.29% during that period and on Thursady the price saw a gain of about 7.36%. Currently the company’s common shares owned by public are about 507.25M shares, out of which, 494.36M shares are available for trading.

According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 100 times over the past 12 months. They bought 5,560,682 shares in 68 of the transactions. In 32 selling transactions, insiders dumped 5,518,534 shares.

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However, the stock later moved at a day high price of 54.22, or with a gain of 7.36%. Stock saw a price change of 10.85% in past 5 days and over the past one month there was a price change of 5.19%. Year-to-date (YTD), NTR shares are showing a performance of -3.87% which decreased to -27.89% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $47.90 but also hit the highest price of $83.29 during that period. The average intraday trading volume for Nutrien Ltd shares is 1.78 million. The stock is currently trading 7.62% above its 20-day simple moving average (SMA20), while that difference is up 2.68% for SMA50 and it goes to -7.14% lower than SMA200.

Nutrien Ltd (NYSE: NTR) currently have 507.25M outstanding shares and institutions hold larger chunk of about 70.90% of that.

The stock has a current market capitalization of $26.78B and its 3Y-monthly beta is at 0.90. PE ratio of stock for trailing 12 months is 21.46, while it has posted earnings per share of $2.52 in the same period. It has Quick Ratio of 0.65 while making debt-to-equity ratio of 0.50. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for NTR, volatility over the week remained 2.73% while standing at 2.61% over the month.

Analysts are in expectations that Nutrien Ltd (NTR) stock would likely to be making an EPS of $0.51 in the current quarter, while forecast for next quarter EPS is $2.56 and it is $4.69 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.14 which is $1.07 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $1.11 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -1.86% while it is estimated to increase by 5.29% in next year.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Raymond James on January 12, 2024 offering a Mkt perform rating for the stock and assigned a target price range of between $80 and $65 to it. On November 14, 2023, Barclays Upgrade their recommendations, while on November 06, 2023, JP Morgan Downgrade their ratings for the stock with a price target of $58. Stock get an Underweight rating from Barclays on August 14, 2023.

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