Nutrien Ltd. [NYSE: NTR] price surged by 3.50 percent to reach at $2.95. The company report on June 9, 2022 that Nutrien Announces Plans to Increase Fertilizer Production Capability and Return Additional Capital to Shareholders.
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Ramping up potash production capability to 18 million tonnes by 2025 and planning for approximately $2 billion in additional share repurchases in 2022.
Nutrien Ltd (TSX and NYSE: NTR) announced today it plans to increase fertilizer production capability in response to structural changes in global energy, agriculture and fertilizer markets. The company is hosting a virtual investor update meeting today at 10:30 am EDT and will provide details on its strategic growth and capital allocation plans at this event.
A sum of 4714337 shares traded at recent session while its average daily volume was at 3.71M shares. Nutrien Ltd. shares reached a high of $88.83 and dropped to a low of $85.13 until finishing in the latest session at $87.22.
The one-year NTR stock forecast points to a potential upside of 25.45. The average equity rating for NTR stock is currently 2.20, trading closer to a bullish pattern in the stock market.
Guru’s Opinion on Nutrien Ltd. [NTR]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for NTR shares is $116.99 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on NTR stock is a recommendation set at 2.20. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Barclays have made an estimate for Nutrien Ltd. shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on June 01, 2022. The new note on the price target was released on March 28, 2022, representing the official price target for Nutrien Ltd. stock. Previously, the target price had yet another raise from $87 to $112, while Piper Sandler kept a Overweight rating on NTR stock. On February 18, 2022, analysts increased their price target for NTR shares from 68 to 79.
The Average True Range (ATR) for Nutrien Ltd. is set at 4.17, with the Price to Sales ratio for NTR stock in the period of the last 12 months amounting to 1.62. The Price to Book ratio for the last quarter was 1.55, with the Price to Cash per share for the same quarter was set at 1.01. Price to Free Cash Flow for NTR in the course of the last twelve months was 48.62 with Quick ratio for the last quarter at 0.50.
NTR Stock Performance Analysis:
Nutrien Ltd. [NTR] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.57. With this latest performance, NTR shares dropped by -11.85% in over the last four-week period, additionally plugging by 25.75% over the last 6 months – not to mention a rise of 38.14% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for NTR stock in for the last two-week period is set at 37.69, with the RSI for the last a single of trading hit 35.88, and the three-weeks RSI is set at 40.23 for Nutrien Ltd. [NTR]. The present Moving Average for the last 50 days of trading for this stock 99.96, while it was recorded at 87.10 for the last single week of trading, and 80.81 for the last 200 days.
Insight into Nutrien Ltd. Fundamentals:
Operating Margin for any stock indicates how profitable investing would be, and Nutrien Ltd. [NTR] shares currently have an operating margin of +18.44 and a Gross Margin at +31.42. Nutrien Ltd.’s Net Margin is presently recorded at +11.38.
Return on Equity for this stock inclined to 13.54, with Return on Assets sitting at 6.42.
Nutrien Ltd.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.50 and a Current Ratio set at 1.10.
NTR Stock EPS
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for NTR. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Nutrien Ltd. go to 33.00%.
Nutrien Ltd. [NTR] Insider Position Details
There are presently around $29,502 million, or 67.89% of NTR stock, in the hands of institutional investors. The top three institutional holders of NTR stocks are: ROYAL BANK OF CANADA with ownership of 30,332,864, which is approximately -1.921% of the company’s market cap and around 0.10% of the total institutional ownership; FMR LLC, holding 25,370,211 shares of the stock with an approximate value of $2.14 billion in NTR stocks shares; and VANGUARD GROUP INC, currently with $1.55 billion in NTR stock with ownership of nearly -1.762% of the company’s market capitalization.
Positions in Nutrien Ltd. stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 376 institutional holders increased their position in Nutrien Ltd. [NYSE:NTR] by around 50,955,494 shares. Additionally, 342 investors decreased positions by around 55,174,945 shares, while 105 investors held positions by with 243,958,721 shares. The mentioned changes placed institutional holdings at 350,089,160 shares, according to the latest SEC report filing. NTR stock had 168 new institutional investments in for a total of 25,084,628 shares, while 76 institutional investors sold positions of 4,256,867 shares during the same period.