Nutrien Ltd. (NYSE:NTR) traded at $79.51 at last check on Wednesday, November 23, made a downward move of -1.75% on its previous day’s price.
Looking at the stock we see that its previous close was $80.93 and the beta (5Y monthly) reads 0.88 with the day’s price range being $77.76 – $81.51. The company has a trailing 12-month PE ratio of 4.32. In terms of its 52-week price range, NTR has a high of $117.25 and a low of $65.84. The company’s stock has gained about 2.42% over that past 30 days.
Nutrien Ltd. has a market cap of $56.88 billion and is expected to release its quarterly earnings report on Feb 14, 2023 – Feb 20, 2023. With its Forward Dividend at 2.64 and a yield of 3.26%, the company’s investors could be anxious for the NTR stock to gain ahead of the earnings release. Estimates by analysts give the company expected earnings per share (EPS) of $2.79, with the EPS growth for the year raised at $13.96 for 2022 and $12.71 for next year. These figures represent 124.10% and -9.00% growth in EPS for the two years respectively.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $7.71 billion, with a low of $6.89 billion and a high of $8.39 billion. The median projection represents growth squeezing down to 9.10% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2022 is expected to hit $37.91 billion, or 41.10% up from figures reported last year.
There have been no upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the NTR stock, short term indicators assign the stock an average of 50% Sell, while medium term indicators assign it an average of 100% Sell. Long term indicators on average place the stock in the category of 100% Sell.
Based on estimates by 25 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 7 have rated the Nutrien Ltd. (NTR) stock as a Hold, while 15 rate it as a Buy. 2 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 1 suggest the stock as a Sell. The stock has an overall rating of Overweight and investors could take advantage and scoop up stock of the company.
Looking further, we note that the PEG ratio for the NTR stock currently stands at 0.52, and the most recent price level today is 0.87% off its SMA20 and -3.39% from its 50-day simple moving average. The RSI (14) is pointing at 49.72 while the volatility over the past week is 3.48% and jumps to 4.17% over the past one month. The beta value is 0.85, while the average true range (ATR) is currently pointing at 3.81. The average price target for the stock over the next 12 months is $103.61, with the estimates having a low of $68.00 and a high of $129.00. These price ends are 14.48% and -62.24% off the today’s price level respectively, although investors could be excited at the prospect of a -33.32% if the NTR share price touches on the median price of $106.00.
Coming back to Nutrien Ltd. (NYSE:NTR), we note that the average 3-month trading volume was 2.38 million, while that of the preceding 10-day period stands at 2.13 million. Current shares outstanding are 534.84 million.
The insiders hold 0.03% of the company’s shares while institutions hold 71.50%. The data shows that short shares as of Oct 30, 2022, stood at 7.43 million at a short ratio of 3.76. This represents a 1.38% short interest in shares outstanding on Oct 30, 2022. Shares short fall in October from the previous month at 9.68 million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock 7.62% up in year-to-date price movement.