Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Nutrien Ltd before investing.

In this article, we go over a few key elements for understanding Nutrien Ltd’s stock price such as:

• Nutrien Ltd’s current stock price and volume
• Why Nutrien Ltd’s stock price changed recently
• Upgrades and downgrades for NTR from analysts
• NTR’s stock price momentum as measured by its relative strength

About Nutrien Ltd (NTR)

Before we jump into Nutrien Ltd’s stock price, history, target price and what caused it to recently rise, let’s take a look at some background.

Nutrien Ltd. is a Canada-based company, which is a provider of crop inputs and services. The Company operates through four segments: Nutrien Ag Solutions (Retail), Potash, Nitrogen and Phosphate. The Retail segment distributes crop nutrients, crop protection products, seeds and merchandise, and it provides services directly to growers through a network of farm centers in North America, South America and Australia. Its Retail business includes Nutrien Ag Solutions and Landmark Retail businesses, which provide agricultural solutions, including nutrients, crop protection products, seed, services and agronomic advice to growers. The Potash, Nitrogen and Phosphate segments are differentiated by the chemical nutrients contained in the products that it produces. The Company produces and distributes over 27 million tons of potash, nitrogen and phosphate products for agricultural, industrial and feed customers worldwide. It operates approximately 2,000 retail locations in over seven countries.

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Nutrien Ltd’s Stock Price as of Market Close

As of May 09, 2024, 4:00 PM, CST, Nutrien Ltd’s stock price was $58.17.

Nutrien Ltd is up 4.94% from its previous closing price of $55.43.

During the last market session, Nutrien Ltd’s stock traded between $54.63 and $55.62. Currently, there are 494.53 million shares of Nutrien Ltd stock available for purchase.

Nutrien Ltd’s price-earnings (P/E) ratio is currently at 16.0, which is low compared to the Chemicals - Agricultural industry median of 16. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

Nutrien Ltd Stock Price History

Nutrien Ltd’s (NTR) price is currently up 10.23% so far this month.

During the month of May, Nutrien Ltd’s stock price has reached a high of $58.31 and a low of $51.60.

Over the last year, Nutrien Ltd has hit prices as high as $69.12 and as low as $47.90. Year to date, Nutrien Ltd’s stock is down 20.35%.

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What Caused Nutrien Ltd Stock’s Price to Rise?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of May 08, 2024, there were 4 analysts who downgraded Nutrien Ltd’s stock and 4 analysts who upgraded over the last month.

Additionally, you'll want to evaluate Nutrien Ltd’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Nutrien Ltd’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Nutrien Ltd’s current valuation based on AAII’s Value Grade is a A, which means it is considered to be Deep Value.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Nutrien Ltd (NTR) by visiting AAII Stock Evaluator.

Relative Price Strength of Nutrien Ltd

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of May 08, 2024, Nutrien Ltd has a weighted four-quarter relative price strength of -4.70%, which translates to a Momentum Score of 46 and is considered to be Average.

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Nutrien Ltd Stock Price: Bottom Line

As of May 9, 2024, Nutrien Ltd’s stock price is $58.17, which is up 4.94% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Nutrien Ltd stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

Subscribing to AAII's A+ Investor provides access to comprehensive analytics and insights for confident investing.