At the time of writing, Nutrien Ltd [NTR] stock is trading at $50.75, up 0.77%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The NTR shares have gain 2.34% over the last week, with a monthly amount drifted -0.31%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Nutrien Ltd [NYSE: NTR] stock has seen the most recent analyst activity on April 29, 2024, when Berenberg upgraded its rating to a Buy and also boosted its price target to $66 from $60. Previously, Jefferies started tracking the stock with Buy rating on March 26, 2024, and set its price target to $62. On March 01, 2024, Wolfe Research initiated with a Outperform rating and assigned a price target of $66 on the stock. Piper Sandler downgraded its rating to a Underweight and decreased its price target to $54 on February 29, 2024. JP Morgan downgraded its rating to a Underweight and reduced its price target to $48 on February 23, 2024. Raymond James downgraded its rating to Mkt Perform for this stock on January 12, 2024, and downed its price target to $65. In a note dated November 30, 2023, Exane BNP Paribas downgraded an Neutral rating on this stock.
For the past year, the stock price of Nutrien Ltd fluctuated between $47.86 and $69.12. Currently, Wall Street analysts expect the stock to reach $76.19 within the next 12 months. Nutrien Ltd [NYSE: NTR] shares were valued at $50.75 at the most recent close of the market. An investor can expect a potential return of 50.13% based on the average NTR price forecast.
Analyzing the NTR fundamentals
According to Nutrien Ltd [NYSE:NTR], the company’s sales were 28.34B for trailing twelve months, which represents an -11.76% plunge. Gross Profit Margin for this corporation currently stands at 0.29% with Operating Profit Margin at 0.13%, Pretax Profit Margin comes in at 0.05%, and Net Profit Margin reading is 0.03%. To continue investigating profitability, this company’s Return on Assets is posted at 0.02, Equity is 0.03 and Total Capital is 0.09. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.51.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 50.28 points at the first support level, and at 49.81 for the second support level. However, for the 1st resistance point, the stock is sitting at 51.07, and for the 2nd resistance point, it is at 51.39.
Ratios To Look Out For
It is important to note that Nutrien Ltd [NYSE:NTR] has a current ratio of 1.15. In addition, the Quick Ratio stands at 0.53 and the Cash Ratio stands at 0.04. Considering the valuation of this stock, the price to sales ratio is 0.89, the price to book ratio is 1.01 and price to earnings (TTM) ratio is 29.75.
