Agrium Inc. (AGU) Shares Gap Up to $91.28
Agrium Inc. (NYSE:AGU)’s share price gapped up before the market opened on Tuesday . The stock had previously closed at $90.87, but opened at $91.28. Agrium shares last traded at $92.14, with a volume of 182,964 shares traded.
Several research firms recently weighed in on AGU. BMO Capital Markets reiterated a “buy” rating and set a $100.00 target price on shares of Agrium in a research report on Thursday, June 9th. Credit Agricole SA downgraded Agrium from an “underperform” rating to a “sell” rating and increased their target price for the stock from $84.00 to $86.00 in a research report on Thursday, June 9th. Zacks Investment Research upgraded Agrium from a “strong sell” rating to a “hold” rating in a research report on Tuesday, June 21st. TD Securities reiterated a “hold” rating and set a $96.00 target price (up from $88.00) on shares of Agrium in a research report on Thursday, June 9th. Finally, Royal Bank Of Canada reiterated an “outperform” rating on shares of Agrium in a research report on Thursday, June 9th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and ten have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $99.39.
The stock has a 50 day moving average of $91.71 and a 200 day moving average of $89.19. The company has a market cap of $12.73 billion and a price-to-earnings ratio of 14.81.
Agrium (NYSE:AGU) last issued its quarterly earnings results on Wednesday, August 3rd. The company reported $4.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.08 by $0.10. The firm had revenue of $6.42 billion for the quarter, compared to the consensus estimate of $6.67 billion. The company’s revenue was down 8.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $4.90 earnings per share. On average, analysts forecast that Agrium Inc. will post $5.16 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, October 20th. Investors of record on Friday, September 30th will be paid a dividend of $0.875 per share. The ex-dividend date is Wednesday, September 28th. This represents a $3.50 annualized dividend and a yield of 3.80%.
A hedge fund recently bought a new stake in Agrium stock. Marshall Wace LLP purchased a new stake in shares of Agrium Inc. (NYSE:AGU) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 27,335 shares of the company’s stock, valued at approximately $2,442,000.
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.