Strength Seen in Nutrien (NTR): Can Its 7.9% Jump Turn into More Strength?

Core Viewpoint - Nutrien's shares experienced a significant increase of 7.9% to $66.2, driven by an upgrade from Morgan Stanley and a higher trading volume [1] Group 1: Stock Performance - Nutrien's stock rose 7.9% in the last trading session, contrasting with a 0.8% loss over the previous four weeks [1] - The stock's price target was raised by Morgan Stanley from $70 to $77 following the upgrade to "Overweight" from "Equal-Weight" [1] Group 2: Earnings Expectations - Nutrien is expected to report quarterly earnings of $0.87 per share, reflecting a year-over-year increase of 180.7% [2] - Projected revenues for the upcoming report are $5.24 billion, which is a 3.2% increase compared to the same quarter last year [2] Group 3: Earnings Estimate Trends - The consensus EPS estimate for Nutrien has remained unchanged over the last 30 days, indicating a potential lack of momentum in stock price movement without earnings estimate revisions [3] - Monitoring Nutrien's performance is advised to determine if the recent stock price increase can sustain itself [3] Group 4: Industry Context - Nutrien is part of the Zacks Fertilizers industry, which includes CF Industries, another company that saw a 2.6% increase in its stock price [4] - CF Industries has a consensus EPS estimate of $2.55, representing a year-over-year change of 34.9% [5]