Check This Nutrien Ltd. (NYSE:NTR) Analysis Before You Invest

Nutrien Ltd. (NYSE:NTR) traded at $56.95 at last check on Tuesday, May 04, made an upward move of 1.77% on its previous day’s price.

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Looking at the stock we see that its previous close was $55.96 and the beta (5Y monthly) reads 0 with the day’s price range being $56.28 – 57.88. The company has a trailing 12-month PE ratio of 69.43. In terms of its 52-week price range, NTR has a high of $59.76 and a low of $29.7. The company’s stock has gained about 2.7% over that past 30 days.

There have been 1 upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the NTR stock, short term indicators assign the stock an average of 50% Buy, while medium term indicators assign it an average of 100% Buy. Long term indicators on average place the stock in the category of 100% Buy.

Based on estimates by 21 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 5 have rated the Nutrien Ltd. (NTR) stock as a Hold, while 15 rate it as a Buy. None analyst(s) rate it as outperform while 1 of them rated it as underperform, whereas none suggest the stock as a Sell. The stock has an overall rating of Overweight and investors could take advantage and scoop up stock of the company.

Looking further, we note that the PEG ratio for the NTR stock currently stands at 0, and the most recent price level today is 3.4% off its SMA20 and 2.47% from its 50-day simple moving average. The RSI (14) is pointing at 58.15 while the volatility over the past week is 2.19% and drops to 2.15% over the past one month. The beta value is 0, while the average true range (ATR) is currently pointing at 1.29. The average price target for the stock over the next 12 months is $63.5, with the estimates having a low of $55 and a high of $71. These price ends are -3.42% and +24.67% off the today’s price level respectively, although investors could be excited at the prospect of a +11.5% if the NTR share price touches on the median price of $63.5.

Let’s briefly compare Nutrien Ltd. (NTR) stock to its peers. We find that today’s price change of +1.77% and +61.36% over the past 12 months for NTR competes that of Sociedad Quimica Y Minera S.A. (SQM), which has seen its stock price fall -1.36% in the latest trading session and is +146.02% over the last one year. Another of its peers Mosaic Company (MOS) has dropped -4.52% today, and was +214.17% up over the past year, while Scotts Miracle-Gro Company (SMG) is also up 1.77% yet, while its price remains in the green at 61.36% over the same period. Nutrien Ltd. has a P/E ratio of 69.43 compared to Sociedad Quimica Y Minera S.A.’s 84.11 and Mosaic Company’s 21.32. In contrast to these companies, both the S&P 500 Index and the Dow Jones Industrial are today at -1.21% and -0.62%, respectively, in early deals.

Coming back to Nutrien Ltd. (NYSE:NTR), we note that the average 3-month trading volume was 2.05 Million, while that of the preceding 10-day period stands at 2.31 Million. Current shares outstanding are 570.21 Million.

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According to data from Thomson Reuters, insiders hold 0.22% of the company’s shares while institutions hold 67.32%. The data shows that short shares as of April 14, 2021, stood at 3.03 Million at a short ratio of 1.56. This represents a 0.53% short interest in shares outstanding on April 14, 2021. Shares short dropped in April from the previous month at 3.32 Million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock +16.2% up in year-to-date price movement.