Nutrien Ltd (NYSE: NTR) Drops -3.71% Over A Month, But Analysts Still See Upside Potential

Nutrien Ltd (NYSE:NTR) currently has a daily average trading volume of 1.93M but it saw 1668108 shares traded in last market. With a market cap of 23.62B USD, the company’s current market price of $47.75 came rising about 2.03 while comparing to the previous closing price of $46.80. In past 52 weeks, the stock remained buoying in the range of price level as high as $65.69 and as low as $44.90. In the recent trading on the day, stock has struck highest price mark of $47.03 while lowest mark touched by it was $48.015.

Taking a look at 20-day trading activity of Nutrien Ltd (NTR) gives us an average price of $47.96, while its current price level is -27.31% below from 52-week high level whereas it is 6.35% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $49.65 while that of 200 days or SMA-200 reads an average of $52.98. A closer look into the stock’s movement over the week reveals that its volatility is standing at 1.81% during that period while stretching the period over a month that increases to 2.52%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 46.81 which implies that the stock is in neutral territory.

Berenberg upgraded its recommendation for the stock as a “Buy” from “Hold” on April 29, 2024 while assigning a price target range of $60-$66. Jefferies issued its recommendations for the stock as it initiated the price target for the stock is $62.

Over the week, NTR’s stock price is moving 4.05% up while it is -3.71% when we observe its performance for the past one month. Year-to-date it is -15.23% down and over the past year, the stock is showing a downside performance of -22.61%.

Currently, Nutrien Ltd’s total number of outstanding shares is 494.55M. Company’s return on investment (ROI) stands at 2.22% and return on equity (ROE) at 3.13%. It has a price to earnings ratio (P/E ratio) of 29.91 while having a 12.64 of forward P/E ratio. Stock’s beta reads 0.85. Stock has a price to book (P/B) ratio of 0.94 while price to sale or P/S ratio amounts to 0.88. Its return on asset (ROA) is 1.48% on average.