Nutrien Ltd. (NYSE:NTR) closed Wednesday at $88.68 per share, down from $89.91 a day earlier. While Nutrien Ltd. has underperformed by -1.37%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, NTR rose by 42.57%, with highs and lows ranging from $117.25 to $61.43, whereas the simple moving average jumped by 1.81% in the last 200 days.
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On August 09, 2022, Scotiabank Upgraded Nutrien Ltd. (NYSE: NTR) to Sector Outperform. A report published by Credit Suisse on July 14, 2022, Initiated its previous ‘Underperform’ rating for NTR. Barclays also rated NTR shares as ‘Overweight’, setting a target price of $116 on the company’s shares in an initiating report dated June 01, 2022. Piper Sandler March 07, 2022d its ‘Neutral’ rating to ‘Overweight’ for NTR, as published in its report on March 07, 2022. Atlantic Equities’s report from February 18, 2022 suggests a price prediction of $79 for NTR shares, giving the stock a ‘Neutral’ rating. Piper Sandler also rated the stock as ‘Neutral’.
Analysis of Nutrien Ltd. (NTR)
The current dividend for NTR investors is set at $2.47 per share, indicating investors will get a return regardless of how the company performs over the next quarter. Further, the quarter-over-quarter increase in sales is 48.60%, showing a positive trend in the upcoming months.
There are several well-rounded types of analysis and research techniques that can be used to gain a clear view of Nutrien Ltd.’s future performance, with equity being one of the most critical indicators. The goal here is to ensure that your current return on equity of 28.00% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 0.70, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
As an indicator of volatility for any stock, average volume can also be very valuable, and NTR is recording an average volume of 2.65M. On a monthly basis, the volatility of the stock is set at 3.69%, whereas on a weekly basis, it is put at 4.20%, with a loss of -3.38% over the past seven days. Furthermore, long-term investors anticipate a median target price of $111.49, showing growth from the present price of $88.68, which can serve as yet another indication of whether NTR is worth investing in or should be passed over.
How Do You Analyze Nutrien Ltd. Shares?
Nutrien Ltd. (NTR) is based in the Canada and is one of the most prominent companies operating in the Agricultural Inputs market. When comparing Nutrien Ltd. shares with other companies under Basic Materials, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 5.43, there is a growth in quarterly earnings of 236.20%.
Apart from looking at the fundamentals, you should also pay attention to the number of company employees who own shares. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 0.10%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 68.98% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
NTR shares are owned by institutional investors to the tune of 68.98% at present.