Nutrien Ltd. (NTR): Keep paying attention to its insider activity

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NTGR
NTGR

Nutrien Ltd. (NYSE:NTR) saw a downside of -1.12% to $73.57 after subtracting -$0.83 on Wednesday. The 5-day average trading volume is 1,388,394 shares of the company’s common stock. It has gained $75.34 in the past week and touched a new high 1 time within the past 5 days. An average of 1,795,549 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,111,383.

NTR’s 1-month performance is -9.66% or -$6.56 on its low of $71.77 reached on 12/22/22. The company’s shares have touched a 52-week low of $67.23 and high of $117.25, with the stock’s rally to the 52-week high happening on 04/18/22. YTD, NTR has lost -1.06% or -$1.56 and has reached a new high 22 times. However, the current price is down -37.25% from the 52-week high price.


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Valuation Metrics

NTR stock has a beta of 0.85. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.01 while the price-to-book (PB) in the most recent quarter is 1.12, with the price to cash flow ratio at 9.70.

Nutrien Ltd.’s quick ratio for the period ended September 29 was 0.70, with the current ratio over the same period at 1.10. As well, the company’s long term debt to equity for the quarter ending September 29 was 0.30, while the total debt to equity was 0.53. In terms of profitability, the gross margin trailing 12 months is 41.80%. The firm’s gross profit as reported stood at $9.41 billion against revenue of $27.71 billion.

Earnings Surprise

For the quarterly period ending September 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income shrunk -260.18% to $992.0 million, while revenue of $0.0 was 100.0% off the previous quarter. Analysts expected NTR to announce $3.97 per share in earnings in its latest quarter, but it posted $2.51, representing a -36.80% surprise. EBITDA for the quarter stood at more than $2.73 billion. NTR stock balance sheet for the quarter ending September 29 shows that total liabilities totaled 27.79 billion, with total debt at $13.68 billion.

Let’s look briefly at Nutrien Ltd. (NTR) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 27 December was 39.61% to suggest the stock is trending Neutral, with historical volatility in this time period at 20.64%.

The stock’s 5-day moving average is $73.84, reflecting a +0.42% or $0.31 change from its current price. NTR is currently trading -9.80% above its 20-day SMA, -12.12% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -7.64% and SMA200 by-25.66%.

Stochastic %K and %D was 25.54% and 24.62% and the average true range (ATR) pointed at 2.11. The RSI (14) points at 41.38%, while the 14-day stochastic is at 21.13% with the period’s ATR at 2.41. The stock’s 9-day MACD Oscillator is pointing at 0.26 and -0.81 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Nutrien Ltd. (NYSE: NTR), Piper Sandler downgraded it to a Neutral rating. They previously had an Overweight rating on the stock. Analysts offering their rating for NTR stock have a consensus rating for the stock as Overweight. Currently, 1 brokerage advisors rate NTR as a “sell,”, while 8 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 2 rates the stock as overweight while 14 have offered a “buy” rating.

What is NTR’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $68.00 and a high of $129.00, with their median price target at $99.00. Looking at these predictions, the average price target given by analysts is for Nutrien Ltd. (NTR) stock is $100.96.

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