Nutrien Ltd. (NTR) Clearly Signals Buy-Into the Stock: Don’t ignore the signals

Nutrien Ltd. (NYSE: NTR) stock fell -0.34% on Friday to $81.89 against a previous-day closing price of $82.17. With 2.43 million shares changed hands, the volume of the stock remained lighter than its average volume of 3.31 million shares. During the session, the Agricultural Inputs company that operates in wider Basic Materials sector, reached to the highest price of $83.75 whereas the lowest price it dropped to was $80.88. The 52-week range on NTR shows that it touched its highest point at $117.25 and its lowest point at $57.45 during that stretch. It currently has a 1-year price target of $116.99. With its current market cap of 56.35 billion, NTR has annualized dividend of $2.48 while the current yield stands at 3.02%. Beta for the stock currently stands at 0.91.

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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 -1.94%, but this was up by 9.67% over a month. Three-month performance dropped to -22.47% while six-month performance rose 12.01%. The stock gained 38.44% in the past year, while it has gained 8.90% so far this year. A look at the trailing 12-month EPS for NTR yields 9.96 with Next year EPS estimates of 14.10. For the next quarter, that number is 5.74. This implies an EPS growth rate of 585.00% for this year and -16.67% for next year.

Float and Shares Shorts:

At present, 552.64 million NTR shares are outstanding with a float of 550.77 million shares on hand for trading. On Jul 14, 2022, short shares totaled 7.09 million, which was 1.29% higher than short shares on Jun 14, 2022. In addition to Mr. Kenneth A. Seitz as the firm’s Interim Pres & CEO, Mr. Pedro Farah serves as its Exec. VP & CFO.

Institutional Ownership:

Through their ownership of 68.98% of NTR’s outstanding shares, institutional investors have majority control over the company. Other institutions hold — of NTR, in contrast to — held by mutual funds. Shares owned by individuals account for –. With a 1.42% stake in NTR, the Dodge & Cox International Stock F is the largest stakeholder. A total of 7,822,959 shares are owned by the mutual fund manager. The Vanguard Total International Stoc, which owns about 1.30% of NTR stock, is the second-largest Mutual Fund holder. It holds 7,160,944 shares valued at 570.66 million. DWS Top Dividende holds 1.11% of the stake in NTR, owning 6,120,000 shares worth 487.7 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for NTR since 24 analysts follow the stock currently. There are 14 analysts who recommend BUY ratings, while 1 suggest SELL ratings. Of the remaining analysts, 7 believe that the stock is worth HOLDING, 2 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 $137.00 and a low target of $67.00, the average target price over the next 12 months is $116.51. Based on these targets, NTR could surge 67.3% to reach the target high and fall by -18.18% to reach the target low. Reaching the average price target will result in a growth of 42.28% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. NTR will report FY 2022 earnings on 02/07/2023. Analysts have provided yearly estimates in a range of $18.57 being high and $12.64 being low. For NTR, this leads to a yearly average estimate of $16.80. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Nutrien Ltd. surprised analysts by -$0.06 when it reported $2.70 EPS against a consensus estimate of $2.76. The surprise factor in the prior quarter was $0.09. Based on analyst estimates, the high estimate for the next quarter is $6.64 and the low estimate is $4.96. The average estimate for the next quarter is thus $5.70.

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