Agrium Inc. (AGU) Sees Unusually-High Trading Volume
Agrium Inc. (NYSE:AGU) saw strong trading volume on Thursday . 616,809 shares changed hands during mid-day trading, a decline of 11% from the previous session’s volume of 692,965 shares.The stock last traded at $96.11 and had previously closed at $92.87.
Several analysts have issued reports on the company. Cowen and Company lowered Agrium to a “hold” rating in a research note on Sunday, April 17th. TheStreet raised Agrium from a “hold” rating to a “buy” rating in a research note on Thursday, June 16th. Zacks Investment Research raised Agrium from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 5th. Credit Agricole SA lowered Agrium from an “underperform” rating to a “sell” rating and upped their target price for the stock from $84.00 to $86.00 in a research note on Thursday, June 9th. Finally, Scotiabank reaffirmed a “sector outperform” rating and issued a $100.00 target price on shares of Agrium in a research note on Saturday, June 11th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $99.56.
The company has a market capitalization of $13.23 billion and a PE ratio of 13.76. The firm’s 50-day moving average is $92.25 and its 200 day moving average is $88.07.
Agrium (NYSE:AGU) last posted its quarterly earnings data on Tuesday, May 3rd. The company reported $0.05 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.06) by $0.11. During the same quarter in the previous year, the firm earned $0.12 EPS. The business had revenue of $2.73 billion for the quarter, compared to analysts’ expectations of $2.73 billion. Agrium’s revenue was down 5.1% compared to the same quarter last year. Analysts anticipate that Agrium Inc. will post $5.59 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 21st. Investors of record on Thursday, June 30th will be issued a dividend of $0.875 per share. This represents a $3.50 dividend on an annualized basis and a yield of 3.66%. The ex-dividend date of this dividend is Tuesday, June 28th.
A number of institutional investors have bought and sold shares of the stock. Commerzbank Aktiengesellschaft FI boosted its position in Agrium by 1.2% in the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 13,861 shares of the company’s stock worth $1,238,000 after buying an additional 167 shares during the last quarter. Gulf International Bank UK Ltd boosted its position in Agrium by 0.8% in the fourth quarter. Gulf International Bank UK Ltd now owns 42,403 shares of the company’s stock worth $3,792,000 after buying an additional 320 shares during the last quarter. Todd Asset Management LLC boosted its position in Agrium by 0.6% in the fourth quarter. Todd Asset Management LLC now owns 128,510 shares of the company’s stock worth $11,481,000 after buying an additional 725 shares during the last quarter. Weatherly Asset Management L. P. boosted its position in Agrium by 4.5% in the fourth quarter. Weatherly Asset Management L. P. now owns 17,022 shares of the company’s stock worth $1,520,000 after buying an additional 727 shares during the last quarter. Finally, Afam Capital Inc. boosted its position in Agrium by 16.7% in the fourth quarter. Afam Capital Inc. now owns 14,875 shares of the company’s stock worth $1,329,000 after buying an additional 2,127 shares during the last quarter.
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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