OK, fertilizer isn’t a sexy category like cloud computing or space exploration. But everyone eats and companies like fertilizer giant Nutrien (NTR) are often outperformers. On Wednesday, the Relative Strength (RS) Rating for Nutrien stock rose five points to 75 amid strong profit growth.
The 75 RS Rating means that Nutrien stock is outperforming 75% of all stocks, regardless of industry group. Market research has shown that the market’s biggest winners often have an 80 or better RS Rating in the early stages of their moves. See if Nutrien can continue to show renewed price strength and clear that threshold.
Other Key Ratings For Nutrien Stock
Among other key ratings, Saskatoon, Canada-based Nutrien stock has an 85 Composite Rating, putting it in the top 15% of stocks. The Composite Rating contains a mix of five other IBD stock ratings: the EPS, Relative Price Strength, Accumulation/Distribution, Sales+Margins+ROE and Industry Group Rating. It combines the values of all those ratings to arrive at a single score of 1 to 99, where the best is 99.
Its EPS Rating is a standout at 93. And Nutrien stock has a B- Accumulation/Distribution Rating, on an A+ to E scale with A+ the best. The B- rating indicates institutional investors are buying more than selling shares.
Regarding fundamentals, Nutrien’s earnings grew 43% last quarter, to $2.08 per share. The prior two quarters, EPS shot up 167% and then 342%. Revenue in its most recent quarter rose 16% to $9.76 billion.
Other Highly rated Stocks In Group
Nutrien stock is trying to complete a flat base with a 66.03 buy point. See if it can clear the breakout price in volume at least 40% higher than normal.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
IBD’s proprietary Relative Strength Rating identifies share price performance with a 1 (worst) to 99 (best) score. The rating shows how a stock’s price movement over the last 52 weeks stacks up against all the other stocks in our database.
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