Closing Bell Recap: Nutrien Ltd (NTR) Ends at 51.39, Reflecting a 2.82 Upturn

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Nutrien Ltd (NYSE: NTR) closed the day trading at $51.39 up 2.82% from the previous closing price of $49.98. In other words, the price has increased by $2.82 from its previous closing price. On the day, 1.17 million shares were traded. NTR stock price reached its highest trading level at $51.36 during the session, while it also had its lowest trading level at $50.32.

Ratios:

For a better understanding of NTR, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 51.25 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 8.41. For the most recent quarter (mrq), Quick Ratio is recorded 0.53 and its Current Ratio is at 1.15. In the meantime, Its Debt-to-Equity ratio is 0.55 whereas as Long-Term Debt/Eq ratio is at 0.40.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Berenberg on April 29, 2024, Upgraded its rating to Buy and sets its target price to $66 from $60 previously.

On March 26, 2024, Jefferies started tracking the stock assigning a Buy rating and target price of $62.

On March 01, 2024, Wolfe Research started tracking the stock assigning a Outperform rating and target price of $66.Wolfe Research initiated its Outperform rating on March 01, 2024, with a $66 target price.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, NTR now has a Market Capitalization of 25338935296 and an Enterprise Value of 38361587712. As of this moment, Nutrien’s Price-to-Earnings (P/E) ratio for their current fiscal year is 30.13, and their Forward P/E ratio for the next fiscal year is 12.53. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.90 while its Price-to-Book (P/B) ratio in mrq is 1.02. Its current Enterprise Value per Revenue stands at 1.404 whereas that against EBITDA is 7.764.

Stock Price History:

Over the past 52 weeks, NTR has reached a high of $69.12, while it has fallen to a 52-week low of $47.90. The 50-Day Moving Average of the stock is -6.04%, while the 200-Day Moving Average is calculated to be -6.38%.

Shares Statistics:

Over the past 3-months, NTR traded about 1.69M shares per day on average, while over the past 10 days, NTR traded about 1714210 shares per day. A total of 494.55M shares are outstanding, with a floating share count of 494.43M. Insiders hold about 0.04% of the company’s shares, while institutions hold 72.28% stake in the company. Shares short for NTR as of 1718323200 were 5563513 with a Short Ratio of 3.30, compared to 1715731200 on 4307509. Therefore, it implies a Short% of Shares Outstanding of 5563513 and a Short% of Float of 1.13.

Dividends & Splits

NTR’s forward annual dividend rate is 2.14, up from 2.13 a year ago. Against a Trailing Annual Dividend Yield of 0.04261705The stock’s 5-year Average Dividend Yield is 3.38.

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