Positives for Nutrien Ltd (NTR) as stock gains in recent trading

Nutrien Ltd (NYSE: NTR) is -14.34% lower on its value in year-to-date trading and has touched a low of $44.65 and a high of $63.60 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The NTR stock was last observed hovering at around $48.66 in the last trading session, with the day’s loss setting it -0.41%.

Currently trading at $48.25, the stock is 2.76% and 0.97% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.0 million and changing -0.84% at the moment leaves the stock -7.21% off its SMA200. NTR registered -22.84% loss for a year compared to 6-month loss of -11.16%. The firm has a 50-day simple moving average (SMA 50) of $47.7344 and a 200-day simple moving average (SMA200) of $51.96595.

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The stock witnessed a 0.96% gain in the last 1 month and extending the period to 3 months gives it a -5.22%, and is 2.53% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.27% over the week and 2.14% over the month.

Nutrien Ltd (NTR) has around 25900 employees, a market worth around $23.87B and $26.84B in sales. Current P/E ratio is 30.23 and Fwd P/E is 12.94. Profit margin for the company is 2.94%. Distance from 52-week low is 8.07% and -24.14% from its 52-week high. The company has generated returns on investments over the last 12 months (2.22%).

with sales reaching $5.33B over the same period.The EPS is expected to shrink by -17.04% this year, but quarterly earnings will post -8.10% year-over-year. Quarterly sales are estimated to shrink -0.80% in year-over-year returns.

Nutrien Ltd (NTR) Top Institutional Holders

1034.0 institutions hold shares in Nutrien Ltd (NTR), with institutional investors hold 70.93% of the company’s shares. The shares outstanding are 494.55M, and float is at 494.55M with Short Float at 2.59%. Institutions hold 70.90% of the Float.

The top institutional shareholder in the company is ROYAL BANK OF CANADA with over 32.39 million shares valued at $1.65 billion. The investor’s holdings represent 6.5495% of the NTR Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 19.11 million shares valued at $973.01 million to account for 3.8644 of the shares outstanding. The other top investors are MACKENZIE FINANCIAL CORP which holds 13.4 million shares representing 2.7103% and valued at over $682.5 million, while BANK OF MONTREAL /CAN/ holds 2.7002 of the shares totaling 13.35 million with a market value of $719.67 million.