Nutrien Ltd (NTR) Stock: Evaluating the Market Performance

The price-to-earnings ratio for Nutrien Ltd (NYSE: NTR) is 21.61x, which is above its average ratio. Moreover, the 36-month beta value for NTR is 0.90. Analysts have varying opinions on the stock, with 6 analysts rating it as a “buy,” 1 as “overweight,” 5 as “hold,” and 0 as “sell.”

The public float for NTR is 494.37M and currently, short sellers hold a 0.63% of that float. On April 02, 2024, NTR’s average trading volume was 2.05M shares.

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NTR) stock’s latest price update

Nutrien Ltd (NYSE: NTR)’s stock price has gone decline by -0.60 in comparison to its previous close of 54.86, however, the company has experienced a 3.77% increase in its stock price over the last five trading days. Zacks Investment Research reported 2024-03-08 that The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock’s price.

NTR’s Market Performance

Nutrien Ltd (NTR) has experienced a 3.77% rise in stock performance for the past week, with a 4.38% rise in the past month, and a -3.20% drop in the past quarter. The volatility ratio for the week is 1.96%, and the volatility levels for the past 30 days are at 2.01% for NTR. The simple moving average for the past 20 days is 2.64% for NTR’s stock, with a -5.11% simple moving average for the past 200 days.

Analysts’ Opinion of NTR

Many brokerage firms have already submitted their reports for NTR stocks, with Jefferies repeating the rating for NTR by listing it as a “Buy.” The predicted price for NTR in the upcoming period, according to Jefferies is $62 based on the research report published on March 26, 2024 of the current year 2024.

Wolfe Research, on the other hand, stated in their research note that they expect to see NTR reach a price target of $66. The rating they have provided for NTR stocks is “Outperform” according to the report published on March 01st, 2024.

Piper Sandler gave a rating of “Underweight” to NTR, setting the target price at $54 in the report published on February 29th of the current year.

NTR Trading at 5.10% from the 50-Day Moving Average

After a stumble in the market that brought NTR to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -27.57% of loss for the given period.

Volatility was left at 2.01%, however, over the last 30 days, the volatility rate increased by 1.96%, as shares surge +7.18% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +6.16% upper at present.

During the last 5 trading sessions, NTR rose by +3.94%, which changed the moving average for the period of 200-days by -6.65% in comparison to the 20-day moving average, which settled at $53.31. In addition, Nutrien Ltd saw -3.20% in overturn over a single year, with a tendency to cut further losses.

Stock Fundamentals for NTR

Current profitability levels for the company are sitting at:

  • 0.14 for the present operating margin
  • 0.29 for the gross margin

The net margin for Nutrien Ltd stands at 0.04. The total capital return value is set at 0.1. Equity return is now at value 4.94, with 2.34 for asset returns.

Based on Nutrien Ltd (NTR), the company’s capital structure generated 0.31 points at debt to capital in total, while cash flow to debt ratio is standing at 0.45. The debt to equity ratio resting at 0.46. The interest coverage ratio of the stock is 5.18.

Currently, EBITDA for the company is 6.14 billion with net debt to EBITDA at 1.83. When we switch over and look at the enterprise to sales, we see a ratio of 1.32. The receivables turnover for the company is 5.44for trailing twelve months and the total asset turnover is 0.56. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.17.

Conclusion

To wrap up, the performance of Nutrien Ltd (NTR) has been mixed in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.

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