NTR Stock Summary and Trading Ideas (Nutrien Ltd. Common Shares | NYSE:NTR)

Created in 2018 as a result of the merger between PotashCorp and Agrium, Nutrien is the world's largest fertilizer producer by capacity. Nutrien produces the three main crop nutrients--nitrogen, potash, and phosphate--although its main focus is potash, where it is the global leader in installed capacity with a roughly 20% market share. The company is also the largest agricultural retailer in the United States, selling fertilizers, crop chemicals, seeds, and services directly to farm customers through its brick-and-mortar stores and online platforms.

Nutrien Ltd. Common Shares trades on the NYSE stock market under the symbol NTR.

As of May 24, 2024, NTR stock price declined to $58.86 with 870,633 million shares trading.

NTR has a beta of 0.69, meaning it tends to be less sensitive to market movements. NTR has a correlation of 0.08 to the broad based SPY ETF.

NTR has a market cap of $29.11 billion. This is considered a Large Cap stock.

Last quarter Nutrien Ltd. Common Shares reported $5 billion in Revenue and $.46 earnings per share. This beat revenue expectation by $69 million and exceeded earnings estimates by $.09.

In the last 3 years, NTR stock traded as high as $117.25 and as low as $47.90.

The top ETF exchange traded funds that NTR belongs to (by Net Assets): GNR, MOO, DFIV, PID, DFIC.

NTR has underperformed the market in the last year with a price return of +5.7% while the SPY ETF gained +30.4%. However, in the short term, NTR had mixed performance relative to the market. It has outperformed in the last 3 months, returning +11.6% vs +4.6% return in SPY. But in the last 2 weeks, NTR shares have been beat by the market, returning +1.2% compared to an SPY return of +1.7%.

NTR support price is $58.12 and resistance is $60.30 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that NTR stock will trade within this expected range on the day.