A share price of Nutrien Ltd [NTR] is currently trading at $47.77, down -0.73%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The NTR shares have lost -0.48% over the last week, with a monthly amount glided 0.17%, 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 October 10, 2024, when UBS downgraded its rating to a Neutral and also revised its price target to $51 from $66. Previously, Wells Fargo downgraded its rating to Equal Weight on September 24, 2024, and dropped its price target to $50. On September 10, 2024, downgrade downgraded it’s rating to Neutral and revised its price target to $53 on the stock. HSBC Securities downgraded its rating to a Reduce. Berenberg upgraded its rating to a Buy and raised its price target to $66 on April 29, 2024. Jefferies started tracking with a Buy rating for this stock on March 26, 2024, and assigned it a price target of $62. In a note dated March 01, 2024, Wolfe Research initiated an Outperform rating and provided a target price of $66 on this stock.
Nutrien Ltd experienced fluctuations in its stock price throughout the past year between $44.65 and $60.87. Currently, Wall Street analysts expect the stock to reach $72.51 within the next 12 months. Nutrien Ltd [NYSE: NTR] shares were valued at $47.77 at the most recent close of the market. An investor can expect a potential return of 51.79% based on the average NTR price forecast.
Analyzing the NTR fundamentals
Trailing Twelve Months sales for Nutrien Ltd [NYSE:NTR] were 26.84B which represents -12.85% decline. 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 47.51 points at the first support level, and at 47.25 for the second support level. However, for the 1st resistance point, the stock is sitting at 48.00, and for the 2nd resistance point, it is at 48.23.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Nutrien Ltd [NYSE:NTR] is 1.26. Also, the Quick Ratio is 0.82, while the Cash Ratio stands at 0.08. Considering the valuation of this stock, the price to sales ratio is 0.88, the price to book ratio is 0.94 and price to earnings (TTM) ratio is 29.93.
