At the last check on Thursday, Nutrien Ltd.’s (NYSE:NTR) stock was down -$0.63, moving down -1.00 percent to $62.30. The average number of shares traded per day over the past five days has been 1,095,193 shares. 1 time new highs have been achieved over the past 5 days, with a -$1.92 fall in that time frame. In the last twenty days, the average volume was 1,268,518, while in the previous 50 days, it was 1,747,509.
Since last month, NTR stock rose 3.21%. Shares of the company fell to $59.65 on 08/23/23, the lowest level in the past month. A 52-week high of $91.43 was reached on 02/02/23 after having rallying from a 52-week low of $52.23. Since the beginning of this year, NTR’s stock price has dropped by -14.69% or -$10.55, and marked a new high 12 times. However, the stock has declined by -31.86% since its 52-week high.
Valuation Metrics
Right now, Nutrien Ltd. (NTR) has a P/E ratio of about 6.48. The stock’s beta is 0.94. Besides these, the trailing price-to-sales (P/S) ratio of 0.93, the price-to-book (PB) ratio of 0.90, and the price-to-cash flow ratio of 6.33 may also be considered.
The latest dividend of $0.53 per share was paid out, remained unchanged from last year’s $0.53.
Financial Health
In the three months ended June 29, Nutrien Ltd.’s quick ratio stood at 0.80, while its current ratio was 1.30, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.41, and the total debt-to-equity ratio was 0.54. On the profitability front, the trailing twelve-month gross margin is 33.60% percent. In the year ended June 29, EBITDA margin amounted to 31.73%, whereas operating margins totaled 17.70%. Based on annual data, NTR earned $15.42 billion in gross profit and brought in $37.88 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 21.90%. Return on equity (ROE) for the past 12 months was 14.40%.
According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. NTR’s revenue fell -1.98% during the quarter, while net income inched up to $19.25 billion. While analysts expected Nutrien Ltd. to report $2.78 quarterly earnings, the actual figure was $2.53 per share, beating the consensus estimate by -9.00%. During the quarter, the company generated $1.68 billion in EBITDA. The liabilities of Nutrien Ltd. were 28.47 billion at the end of its most recent quarter ended June 29, and its total debt was $13.63 billion.
Technical Picture
This quick technical analysis looks at Nutrien Ltd.’s (NTR) price momentum. With a historical volatility rate of 17.53%, the RSI 9-day stood at 43.42% on 20 September.
With respect to its five-day moving average, the current Nutrien Ltd. price is down by -2.98% percent or -$1.92. At present, NTR shares trade +3.51% above its 20-day simple moving average and -9.97% percent below its 100-day simple moving average. However, the stock is currently trading approximately +5.22% above its SMA50 and -21.35% below its SMA200.
Stochastic coefficient K was 22.37% and Stochastic coefficient D was 27.97%, while ATR was 1.42. Given the Stochastic reading of 18.73% for the 14-day period, the RSI (14) reading has been calculated as 46.06%. As of today, the MACD Oscillator reading stands at -0.36, while the 14-day reading stands at -0.49.
Analyst Ratings
Nutrien Ltd. downgraded its rating on Nutrien Ltd. (NYSE: NTR) to an Underweight in a note to investors on August 14, 2023. The analysts firm previously had an Overweight rating on the stock.Nutrien Ltd. (NTR) has been rated Overweight by analysts. According to 1 brokerage firm, NTR is a sell, and 9 firms recommend it is a Hold. There are 1 analyst who say the stock is underweight. A total of 1 analyst rate Nutrien Ltd. stock as buy, with 12 recommending it as overweight.
With a median target price of $77.00, the current consensus forecast for the stock is $61.10 – $90.00. Based on these forecasts, analysts predict Nutrien Ltd. (NTR) will achieve an average price target of $76.67.
