Nutrien Ltd (NTR) is looking forward to a strong quarter

With 3.94 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.99 million shares. During the session, the Agricultural Inputs company that operates in wider Basic Materials sector, reached to the highest price of $47.53 whereas the lowest price it dropped to was $46.16. The 52-week range on NTR shows that it touched its highest point at $60.87 and its lowest point at $44.65 during that stretch. It currently has a 1-year price target of $57.11. With its current market cap of 32.05 billion, NTR has annualized dividend of $2.15 while the current yield stands at 4.64%. Beta for the stock currently stands at 0.84.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of NTR was down-trending over the past week, with a drop of -5.25%, but this was down by -3.40% over a month. Three-month performance dropped to -0.88% while six-month performance fell -18.89%. The stock lost -17.64% in the past year, while it has lost -17.68% so far this year. A look at the trailing 12-month EPS for NTR yields 1.48 with Next year EPS estimates of 3.60. For the next quarter, that number is 0.41. This implies an EPS growth rate of -23.15% for this year and 5.50% for next year. EPS is expected to decline by -11.50% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 79.08%.

Float and Shares Shorts:

At present, 494.76 million NTR shares are outstanding with a float of 494.56 million shares on hand for trading. On 2024-10-31, short shares totaled 4.21 million, which was 85.00000000000001 higher than short shares on 1727654400. In addition to Mr. Kenneth A. Seitz as the firm’s President, CEO & Director, Ms. Noralee M. Bradley LLB. serves as its Executive VP of External Affairs and Chief Sustainability & Legal Officer.

Institutional Ownership:

Through their ownership of 0.72884005 of NTR’s outstanding shares, institutional investors have minority control over the company.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-09-30, NTR reported revenue of $5348000000.0 and operating income of $265000000.0. The EBITDA in the recently reported quarter was $858000000.0 and diluted EPS was $0.04.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for NTR since 14 analysts follow the stock currently. There are 7 analysts who recommend BUY ratings, while 1 suggest SELL ratings. Of the remaining analysts, 6 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With NTR analysts setting a high price target of 70.0 and a low target of 43.0, the average target price over the next 12 months is 58.816. Based on these targets, NTR could surge 50.96% to reach the target high and fall by -7.27% to reach the target low. Reaching the average price target will result in a growth of 26.84% from current levels.

Analysts have provided yearly estimates in a range of $3.69752 being high and $3.14974 being low. For NTR, this leads to a yearly average estimate of $3.37798. The surprise factor in the prior quarter was $2.19. Based on analyst estimates, the high estimate for the next quarter is $0.5 and the low estimate is $0.28. The average estimate for the next quarter is thus $0.37.