The stock of Nutrien Ltd (NYSE: NTR) has increased by 2.31 when compared to last closing price of 54.01. Despite this, the company has experienced a 4.72% gain in its stock price over the last five trading sessions. Seeking Alpha reported 2024-05-06 that Nutrien: 4% Yielder Nearing Trough Valuation With High Profits
Is It Worth Investing in Nutrien Ltd (NYSE: NTR) Right Now?
Nutrien Ltd (NYSE: NTR) has a price-to-earnings ratio of 21.90x that is above its average ratio. Additionally, the 36-month beta value for NTR is 0.88. There are mixed opinions on the stock, with 6 analysts rating it as a “buy,” 1 rating it as “overweight,” 5 rating it as “hold,” and 0 rating it as “sell.”
The public float for NTR is 494.35M and currently, short sellers hold a 0.77% ratio of that float. The average trading volume of NTR on May 08, 2024 was 1.92M shares.
NTR’s Market Performance
NTR stock saw a decrease of 4.72% in the past week, with a monthly decline of -0.84% and a quarterly a decrease of 9.62%. The volatility ratio for the week is 2.16%, and the volatility levels for the last 30 days are 2.09% for Nutrien Ltd (NTR). The simple moving average for the past 20 days is 4.18% for NTR’s stock, with a -2.44% simple moving average for the past 200 days.
Analysts’ Opinion of NTR
Many brokerage firms have already submitted their reports for NTR stocks, with Berenberg repeating the rating for NTR by listing it as a “Buy.” The predicted price for NTR in the upcoming period, according to Berenberg is $66 based on the research report published on April 29, 2024 of the current year 2024.
Jefferies, on the other hand, stated in their research note that they expect to see NTR reach a price target of $62. The rating they have provided for NTR stocks is “Buy” according to the report published on March 26th, 2024.
Wolfe Research gave a rating of “Outperform” to NTR, setting the target price at $66 in the report published on March 01st of the current year.
NTR Trading at 3.61% 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 -20.05% of loss for the given period.
Volatility was left at 2.09%, however, over the last 30 days, the volatility rate increased by 2.16%, as shares sank -1.74% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +3.15% upper at present.
During the last 5 trading sessions, NTR rose by +4.72%, which changed the moving average for the period of 200-days by -14.01% in comparison to the 20-day moving average, which settled at $52.99. In addition, Nutrien Ltd saw -1.90% 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 1.33. 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
In conclusion, Nutrien Ltd (NTR) has seen mixed performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. 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.
