Is Nutrien Ltd (NTR) positioned for future growth?

With 2.31 million shares changed hands, the volume of the stock remained lighter than its average volume of 2.52 million shares. The 52-week range on NTR shows that it touched its highest point at $60.87 and its lowest point at $43.69 during that stretch. It currently has a 1-year price target of $62.14. With its current market cap of 28.37 billion, NTR has annualized dividend of $2.17 while the current yield stands at 3.73%. Beta for the stock currently stands at 0.82.

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 up-trending over the past week, with a rise of 2.82%, but this was up by 13.49% over a month. Three-month performance surged to 12.19% while six-month performance rose 18.64%. The stock lost -0.19% in the past year, while it has gained 29.74% so far this year. A look at the trailing 12-month EPS for NTR yields 1.07 with Next year EPS estimates of 4.07. For the next quarter, that number is 2.39. This implies an EPS growth rate of 14.50% for this year and 2.43% for next year. EPS is expected to grow by 6.11% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -4.35%.

Float and Shares Shorts:

At present, 488.56 million NTR shares are outstanding with a float of 488.24 million shares on hand for trading.

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.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $3.6508 being high and $3.38439 being low. For NTR, this leads to a yearly average estimate of $3.49293. Based on analyst estimates, the high estimate for the next quarter is $1.07 and the low estimate is $0.44. The average estimate for the next quarter is thus $0.69.