Nutrien Ltd [NTR] Is Currently -0.13 below its 200 Period Moving Avg: What Does This Mean?

Nutrien Ltd [NYSE: NTR] slipped around -0.06 points on Tuesday, while shares priced at $47.18 at the close of the session, down -0.13%.

Compared to the average trading volume of 1.74M shares, NTR reached a trading volume of 7408788 in the most recent trading day, which is why market watchdogs consider the stock to be active.

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What do top market gurus say 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 $63.16 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 2.12. 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.

HSBC Securities have made an estimate for Nutrien Ltd shares, keeping their opinion on the stock as Reduce, with their previous recommendation back on August 02, 2024. While these analysts kept the previous recommendation, Berenberg raised their target price from $60 to $66. The new note on the price target was released on April 29, 2024, representing the official price target for Nutrien Ltd stock. Previously, the target price had yet another raise to $62, while Jefferies analysts kept a Buy rating on NTR stock.

The Average True Range (ATR) for Nutrien Ltd is set at 1.41, with the Price to Sales ratio for NTR stock in the period of the last 12 months amounting to 0.82. The Price to Book ratio for the last quarter was 0.94, 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 7.72 with Quick ratio for the last quarter at 0.53.

How has NTR stock performed recently?

Nutrien Ltd [NTR] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -7.03. With this latest performance, NTR shares dropped by -3.87% in over the last four-week period, additionally sinking by -5.87% over the last 6 months – not to mention a drop of -27.94% 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 33.92, with the RSI for the last a single of trading hit 29.46, and the three-weeks RSI is set at 36.56 for Nutrien Ltd [NTR]. The present Moving Average for the last 50 days of trading for this stock 51.96, while it was recorded at 48.69 for the last single week of trading, and 53.52 for the last 200 days.

Nutrien Ltd [NTR]: Deeper insight into the fundamentals

Nutrien Ltd’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.53 and a Current Ratio set at 1.15.

Insider trade positions for 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 8.5034%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $178.43 billion in NTR stocks shares; and BERKSHIRE HATHAWAY INC, currently with $135.36 billion in NTR stock with ownership which is approximately 5.1238%.