Nutrien Ltd (NYSE:NTR) finished Friday with a subtraction of -$1.18 to close at $61.76, a downside of -1.87 percent. An average of 1,482,900 shares of common stock have been traded in the last five days. There was a fall of -$0.23 in the past week, and it reached a new high 3 times over the past 12 months. The last 20 days have seen an average of 1,333,480 shares traded, while the 50-day average volume stands at 1,698,214.
NTR stock has decreased by -3.29% in the last month. The company shares reached their 1-month lowest point of $61.39 on 09/28/23. With the stock rallying to its 52-week high on 02/02/23, shares of the company touched a low of $52.23 and a high of $89.13 in 52 weeks. It has reached a new high 12 times so far this year and lost -15.43% or -$11.27 in price. In spite of this, the price is down -30.71% from the 52-week high.
Valuation Metrics
Nutrien Ltd (NTR) has a trailing price-to-earnings (P/E) ratio of 8.68. The stock’s beta is 0.94. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.91, the price-to-book (PB) ratio at 1.20, and the price-to-cash flow ratio at 7.38.
The company has a payout ratio of 13.63%. The company’s most recent quarterly dividend payment was $0.53 a share, without any change from last year. Its latest increase dividend $0.05 reported on Wednesday February 15 2023.
Financial Health
The quick ratio of Nutrien Ltd for the three months ended June 30 was 0.78, and the current ratio was 1.26, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.41 and a total debt to equity ratio of 0.54 for the quarter ending June 30. Its gross profit as reported stood at $15.42 billion compared to revenue of $37.88 billion.
Earnings Surprise
In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $992.0 million in the quarter, while revenues were shrunk -260.18%. The analyst consensus anticipated Nutrien Ltd’s latest quarter earnings to come in at $2.78 per share, but it turned out to be $2.53, a -9.00% surprise. For the quarter, EBITDA amounted to $1.68 billion.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Nutrien Ltd (NTR) price momentum. RSI 9-day as of the close on 29 September was 39.11%, suggesting the stock is Neutral, with historical volatility in this time frame at 12.64%.
As of today, NTR’s price is $62.38 -0.37% or -$0.23 from its 5-day moving average. NTR is currently trading -2.46% lower than its 20-day SMA and -4.25% lower than its 100-day SMA. However, the stock’s current price level is -3.95% below the SMA50 and -20.39% below the SMA200.
The stochastic %K and %D were 27.13% and 27.61%, respectively, and the average true range (ATR) was 1.47. With the 14-day stochastic at 10.25% and the average true range at 1.48, the RSI (14) stands at 42.88%. The stock has reached -0.03 on the 9-day MACD Oscillator while the 14-day reading was at -0.37.
Analyst Ratings
Barclays downgraded Nutrien Ltd (NYSE: NTR) to a an Underweight rating in its most recent analyst report. Previously, the stock was rated as an Overweight. The consensus rating for Nutrien Ltd (NTR) among analysts is Overweight. According to current brokerage recommendations, 1 brokerage firm advise that investors sell NTR, while 9 suggest investors hold. There are 1 analyst who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 12 others rate it as a “buy”.
What is NTR’s price target for the next 12 months?
Analysts predict a range of price targets between $61.46 and $90.00, with a median target of $77.00. Taking a look at these predictions, the average price target given by analysts for Nutrien Ltd (NTR) stock is $76.69.
