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Monday, October 18, 2021

Nutrien Ltd. (NYSE:NTR) on the Path to Ruin

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Nutrien Ltd. (NTR) shares are trading at lower $40.41 and the avg recommendation for the stock is Moderate Buy, while the current analyst price target stands at $58.28.

To add more color to this target, the company’s high over the last year is $50.78 and the low is $23.85. Over the last 52 weeks, NTR is down -17.35% while the S&P 500 is up 11.51%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, NTR reported a profit of $2.15 billion. Nutrien Ltd. also saw revenues increase to $8.42 billion. In addition, NTR has free cash flow of $569.0 million as of 06-2020. The company’s EBITDA came in at $1.66 billion which compares well with its peers.

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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. NTR has a short ratio of 3.62 and outstanding shares of 569.15M.

Company Outlook

NTR has seen increased volume after this news and investors are putting their support behind the value proposition. Traders will also note the company’s earnings per share came in at 1.43. Nutrien Ltd. NTR also noted assets of $47.8 billion at the end of the last quarter. Investors should also keep an eye on sector updates as NTR has historically followed its peers on positive news.

All told, Nutrien Ltd. NTR has strung together solid data and demonstrated underlying fundamentals. At its current valuation, NTR represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.

Nutrien Ltd. NTR is now commanding a market cap of 23.00B and a float of 568.88M. NTR is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of NTR stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in NTR, either long or short, and we have not been compensated for this article.

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