Nutrien Ltd (NYSE:NTR) price on Thursday, May 09, rose 4.33% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $57.83.
A look at the stock’s price movement, the level at last check in today’s session was $55.43. The PE ratio in trailing twelve months stood at 22.92. Turning to its 52-week performance, $69.12 and $47.90 were the 52-week high and 52-week low respectively. Overall, NTR moved 4.24% over the past month.
Nutrien Ltd’s market cap currently stands at around $28.60 billion. The company has a Forward Dividend ratio of 2.13, with its dividend yield at 3.68%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Analysts have a consensus estimate of 5.39B for the company’s revenue for the quarter, with a low and high estimate of 5.04B and 5.76B respectively. The average forecast suggests down to a -8.80% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 27.45B, representing a -2.20% decline on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that NTR is a Hold. On the other hand, the stock is on average a Hold as suggested by medium term indicators while long term indicators are putting the stock in 50% Buy category.
NTR’s current price about 9.13% and 8.27% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 70.85, while 7-day volatility ratio is 2.00% and 2.07% in the 30-day chart. Further, Nutrien Ltd (NTR) has a beta value of 0.89, and an average true range (ATR) of 1.32.
If we refocus on Nutrien Ltd (NYSE:NTR), historical trading data shows that trading volumes averaged 1.91 million over the past 3 months. The company’s latest data on shares outstanding shows there are 494.55 million shares.
The 0.04% of Nutrien Ltd’s shares are in the hands of company insiders while institutional holders own 71.42% of the company’s shares. Current price change has pushed the stock 2.66% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the NTR stock continues to rise going into the next quarter.