Fertilizer Stocks to Watch - March 29th

It's an opportune moment for investors to keep an eye on three notable fertilizer stocks: Union Pacific, Canadian Pacific Kansas City, and CSX. These companies stand out today, according to the MarketBeat stock screener tool. Fertilizer stocks are essentially the reserves of various fertilizer products ready to be distributed by manufacturers, distributors, or retailers to satisfy both present and future agricultural needs. They play a crucial role in ensuring a consistent supply of essential nutrients for crops, helping to stabilize market fluctuations, and reducing the effects of supply chain disruptions in agriculture.

Union Pacific (UNP)

Union Pacific Corporation, through its subsidiary, Union Pacific Railroad Company, operates extensively in the railroad sector across the United States. This company provides transportation services not just for fertilizers but also for grain products, food, coal, and various industrial goods. Their diverse transport offerings cater to a wide range of customers including grain processors and renewable energy producers.

Recently, UNP saw its shares drop by $3.91 during midday trading, bringing the price down to $232.06. The trading volume stood at 1,917,148 shares, relatively lower than the average of 2,425,716 shares. With a market capitalization of $140.23 billion, its price-to-earnings ratio is currently at 20.93, while the PEG ratio is at 2.15. Notably, Union Pacific has a beta of 1.05, indicating its stock's volatility relative to the market. Their stock has seen a 52-week trading range, with a low of $218.55 and a high of $258.07.

Canadian Pacific Kansas City (CP)

Canadian Pacific Kansas City Limited operates a transcontinental freight railway spanning Canada, the United States, and Mexico. The company is responsible for transporting a variety of bulk commodities, including fertilizers, coal, and agricultural products. In addition, they handle merchandise freight, encompassing forest products, energy, and consumer goods.

On the trading front, shares of CP fell by $2.24 to reach $69.31. The trading volume was quite high at 4,274,392 shares in comparison to the average of 2,526,440. With a market cap of $64.72 billion and a price-to-earnings ratio of 23.90, Canadian Pacific has shown resilience with a 52-week range between $69.28 and $89.26. Furthermore, the company maintains a debt-to-equity ratio of 0.42.

CSX (CSX)

CSX Corporation offers rail-based freight transportation services, with a portfolio that includes the movement of agricultural products, fertilizers, and other goods. The company effectively supports the transportation of bulk commodities and intermodal containers.

Recently, CSX saw a decrease of $0.81, resulting in a trading price of $29.11. Volume was noteworthy at 9,591,226 shares, falling short of the average of 12,325,271. CSX boasts a market cap of $54.86 billion, with a PE ratio of 16.26 and a PEG ratio of 1.92. The stock has fluctuated between a low of $28.98 and a high of $37.10 over the past year.

Conclusion

As fertilizer stocks continue to gain attention, Union Pacific, Canadian Pacific Kansas City, and CSX provide significant opportunities for investors looking to benefit from the agricultural sector's resilience. Keeping track of these stocks may be wise as they navigate market changes.

stocks, fertilizer, markets