A share price of Nutrien Ltd [NTR] is currently trading at $48.44, up 3.44%. 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 gain 9.32% over the last week, with a monthly amount glided 0.81%, and seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Nutrien Ltd [NYSE: NTR] stock has seen the most recent analyst activity on December 03, 2024, when Raymond James upgraded its rating to a Outperform and also boosted its price target to $60 from $58. Previously, UBS downgraded its rating to Neutral on October 10, 2024, and dropped its price target to $51. On September 24, 2024, downgrade downgraded it’s rating to Equal Weight and revised its price target to $50 on the stock. Goldman downgraded its rating to a Neutral and decreased its price target to $53 on September 10, 2024. HSBC Securities downgraded its rating to a Reduce. Berenberg upgraded its rating to Buy for this stock on April 29, 2024, and upped its price target to $66. In a note dated March 26, 2024, Jefferies initiated an Buy rating and provided a target price of $62 on this stock.
Nutrien Ltd experienced fluctuations in its stock price throughout the past year between $43.69 and $60.87. Currently, Wall Street analysts expect the stock to reach $57.71 within the next 12 months. Nutrien Ltd [NYSE: NTR] shares were valued at $48.44 at the most recent close of the market. An investor can expect a potential return of 19.14% based on the average NTR price forecast.
Analyzing the NTR fundamentals
Trailing Twelve Months sales for Nutrien Ltd [NYSE:NTR] were 26.56B which represents -5.03% decline. Gross Profit Margin for this corporation currently stands at 0.3% with Operating Profit Margin at 0.04%, 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 0.03. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.54.
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 47.66 points at the first support level, and at 46.89 for the second support level. However, for the 1st resistance point, the stock is sitting at 49.04, and for the 2nd resistance point, it is at 49.65.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Nutrien Ltd [NYSE:NTR] is 1.27. Also, the Quick Ratio is 0.82, while the Cash Ratio stands at 0.05. Considering the valuation of this stock, the price to sales ratio is 0.90, the price to book ratio is 0.96 and price to earnings (TTM) ratio is 32.70.
