Nutrien Ltd [NYSE: NTR] gained 4.94% on the last trading session, reaching $58.17 price per share at the time.
If compared to the average trading volume of 1.91M shares, NTR reached a trading volume of 3298009 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about 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 $64.85 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 1.96. 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.
Berenberg have made an estimate for Nutrien Ltd shares, keeping their opinion on the stock as Buy, with their previous recommendation back on April 29, 2024. While these analysts kept the previous recommendation, Jefferies raised their target price to Buy. The new note on the price target was released on March 26, 2024, representing the official price target for Nutrien Ltd stock. Previously, the target price had yet another raise to $66, while Wolfe Research analysts kept a Outperform rating on NTR stock. On February 29, 2024, analysts decreased their price target for NTR shares from 68 to 54.
The Average True Range (ATR) for Nutrien Ltd is set at 1.33, with the Price to Sales ratio for NTR stock in the period of the last 12 months amounting to 1.02. The Price to Book ratio for the last quarter was 1.15, with the Price to Cash per share for the same quarter was set at 1.00. Price to Free Cash Flow for NTR in the course of the last twelve months was 9.52 with Quick ratio for the last quarter at 0.53.
Trading performance analysis for NTR stock
Nutrien Ltd [NTR] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 10.55. With this latest performance, NTR shares gained by 4.85% in over the last four-week period, additionally plugging by 9.61% over the last 6 months – not to mention a drop of -8.88% 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 71.76, with the RSI for the last a single of trading hit 79.97, and the three-weeks RSI is set at 66.21 for Nutrien Ltd [NTR]. The present Moving Average for the last 50 days of trading for this stock 53.52, while it was recorded at 55.16 for the last single week of trading, and 56.50 for the last 200 days.
Nutrien Ltd [NTR]: A deeper dive into fundamental analysis
Nutrien Ltd’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.53 and a Current Ratio set at 1.15.
An analysis of Institutional ownership at Nutrien Ltd [NTR]
The top three institutional holders of NTR stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in NTR stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in NTR stock with ownership which is approximately 5.8386%.
