Agrium Inc. (AGU) Shares Gap Up to $91.28
Agrium Inc. (NYSE:AGU) shares 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 analysts have recently commented on the company. TheStreet lowered Agrium from a “buy” rating to a “hold” rating in a research report on Wednesday, May 4th. Morgan Stanley reiterated a “hold” rating on shares of Agrium in a report on Thursday, June 16th. AltaCorp Capital lowered Agrium from an “outperform” rating to a “sector perform” rating in a report on Thursday, July 21st. Royal Bank Of Canada reiterated an “outperform” rating on shares of Agrium in a report on Thursday, June 9th. Finally, TD Securities reiterated a “hold” rating and issued a $94.00 target price on shares of Agrium in a report on Thursday, August 4th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and ten have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $99.39.
The company has a market cap of $12.68 billion and a PE ratio of 14.75. The stock’s 50-day moving average is $91.79 and its 200 day moving average is $89.20.
Agrium (NYSE:AGU) last announced its quarterly earnings results on Wednesday, August 3rd. The company reported $4.18 earnings per share for the quarter, topping analysts’ consensus estimates of $4.08 by $0.10. The business had revenue of $6.42 billion for the quarter, compared to analysts’ expectations of $6.67 billion. During the same period last year, the company posted $4.90 earnings per share. The firm’s revenue for the quarter was down 8.3% on a year-over-year basis. On average, equities analysts expect that Agrium Inc. will post $5.16 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 20th. Investors of record on Friday, September 30th will be given a dividend of $0.875 per share. The ex-dividend date of this dividend is Wednesday, September 28th. This represents a $3.50 dividend on an annualized basis and a yield of 3.82%.
An institutional investor recently bought a new position in Agrium stock. Marshall Wace LLP purchased a new position in Agrium Inc. (NYSE:AGU) during the fourth quarter, according to its most recent filing with the SEC. The fund 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.
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