At the time of writing, Nutrien Ltd [NTR] stock is trading at $49.30, up 2.58%. An important factor to consider is whether the stock is rising or falling in short-term value. The NTR shares have gain 3.38% over the last week, with a monthly amount glided 1.82%, and 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 September 24, 2024, when Wells Fargo downgraded its rating to a Equal Weight and also revised its price target to $50 from $62. Previously, Goldman downgraded its rating to Neutral on September 10, 2024, and dropped its price target to $53. On August 02, 2024, downgrade downgraded it’s rating to Reduce. Berenberg upgraded its rating to a Buy and increased its price target to $66 on April 29, 2024. Jefferies initiated its recommendation with a Buy and recommended $62 as its price target on March 26, 2024. Wolfe Research started tracking with a Outperform rating for this stock on March 01, 2024, and assigned it a price target of $66. In a note dated February 29, 2024, Piper Sandler downgraded an Underweight rating on this stock and revised its target price from $68 to $54.
For the past year, the stock price of Nutrien Ltd fluctuated between $44.65 and $62.53. Currently, Wall Street analysts expect the stock to reach $72.51 within the next 12 months. Nutrien Ltd [NYSE: NTR] shares were valued at $49.30 at the most recent close of the market. An investor can expect a potential return of 47.08% based on the average NTR price forecast.
Analyzing the NTR fundamentals
According to Nutrien Ltd [NYSE:NTR], the company’s sales were 26.84B for trailing twelve months, which represents an -12.85% plunge. Gross Profit Margin for this corporation currently stands at 0.29% with Operating Profit Margin at 0.12%, Pretax Profit Margin comes in at 0.04%, and Net Profit Margin reading is 0.03%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.03 and Total Capital is 0.08. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.49.
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 48.20 points at the first support level, and at 47.09 for the second support level. However, for the 1st resistance point, the stock is sitting at 49.87, and for the 2nd resistance point, it is at 50.43.
Ratios To Look Out For
It is important to note that Nutrien Ltd [NYSE:NTR] has a current ratio of 1.26. On the other hand, the Quick Ratio is 0.82, and the Cash Ratio is 0.08. Considering the valuation of this stock, the price to sales ratio is 0.91, the price to book ratio is 0.97 and price to earnings (TTM) ratio is 30.88.
