Agrium Inc. (AGU) Shares Up 1.8%
Agrium Inc. (NYSE:AGU)’s share price shot up 1.8% during mid-day trading on Wednesday . The stock traded as high as $92.96 and last traded at $92.91, with a volume of 477,134 shares changing hands. The stock had previously closed at $91.26.
Several brokerages have recently issued reports on AGU. Cowen and Company cut Agrium to a “hold” rating in a research note on Sunday, April 17th. HSBC cut their target price on Agrium from $97.00 to $87.00 in a research report on Tuesday, April 12th. Royal Bank Of Canada reissued an “outperform” rating and set a $120.50 target price (down previously from $127.00) on shares of Agrium in a research report on Tuesday, April 26th. Credit Suisse Group AG raised their target price on Agrium from $90.00 to $93.00 in a research report on Wednesday, March 30th. Finally, TD Securities reissued a “hold” rating and set a $96.00 target price (up previously from $88.00) on shares of Agrium in a research report on Thursday, June 9th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $99.56.
The stock has a market cap of $13.21 billion and a P/E ratio of 13.74. The company has a 50 day moving average price of $92.10 and a 200-day moving average price of $88.04.
Agrium (NYSE:AGU) last issued its earnings results on Tuesday, May 3rd. The company reported $0.05 EPS for the quarter, beating the consensus estimate of ($0.06) by $0.11. During the same quarter in the previous year, the firm posted $0.12 EPS. The business had revenue of $2.73 billion for the quarter, compared to the consensus estimate of $2.73 billion. The business’s revenue was down 5.1% on a year-over-year basis. Analysts predict that Agrium Inc. will post $5.60 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, July 21st. Stockholders of record on Thursday, June 30th will be issued a $0.875 dividend. This represents a $3.50 annualized dividend and a dividend yield of 3.66%. The ex-dividend date of this dividend is Tuesday, June 28th.
Several institutional investors have recently made changes to their positions in AGU. GSA Capital Partners LLP raised its position in shares of Agrium by 36.2% in the fourth quarter. GSA Capital Partners LLP now owns 12,851 shares of the company’s stock valued at $1,148,000 after buying an additional 3,418 shares during the period. Aviance Capital Partners LLC raised its position in shares of Agrium by 26.5% in the fourth quarter. Aviance Capital Partners LLC now owns 13,262 shares of the company’s stock valued at $1,185,000 after buying an additional 2,776 shares during the period. Commerzbank Aktiengesellschaft FI raised its position in shares of Agrium by 1.2% in the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 13,861 shares of the company’s stock valued at $1,238,000 after buying an additional 167 shares during the period. Afam Capital Inc. raised its position in shares of Agrium by 16.7% in the fourth quarter. Afam Capital Inc. now owns 14,875 shares of the company’s stock valued at $1,329,000 after buying an additional 2,127 shares during the period. Finally, Weatherly Asset Management L. P. raised its position in shares of Agrium by 4.5% in the fourth quarter. Weatherly Asset Management L. P. now owns 17,022 shares of the company’s stock valued at $1,520,000 after buying an additional 727 shares during the period.
Agrium Inc is a producer and distributor of agricultural products and services. The Company categorizes its segments within the Retail and Wholesale business units. The Retail business unit distributes crop nutrients, crop protection products, seed, merchandise and services directly to growers through a network of farm centers in two geographical segments: North America, which includes the United States and Canada, and International, which includes Australia and South America.
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