Shares of Agrium Inc. (NYSE:AGU) dropped 1.8% during trading on Friday . The company traded as low as $89.45 and last traded at $89.50, with a volume of 173,425 shares trading hands. The stock had previously closed at $91.10.

AGU has been the subject of a number of research reports. BMO Capital Markets reiterated a “buy” rating and set a $95.00 target price on shares of Agrium in a report on Friday, August 5th. AltaCorp Capital upgraded Agrium from a “sector perform” rating to an “outperform” rating in a report on Friday, August 5th. TheStreet cut Agrium from a “buy” rating to a “hold” rating in a report on Wednesday, May 4th. TD Securities reiterated a “hold” rating and set a $94.00 target price (down previously from $96.00) on shares of Agrium in a report on Tuesday, July 19th. Finally, Zacks Investment Research upgraded Agrium from a “strong sell” rating to a “hold” rating in a report on Tuesday, June 21st. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and ten have issued a buy rating to the stock. Agrium currently has an average rating of “Hold” and a consensus price target of $99.39.

The firm has a market cap of $12.30 billion and a P/E ratio of 14.31. The company has a 50-day moving average of $91.85 and a 200 day moving average of $89.25.

Agrium (NYSE:AGU) last posted its earnings results on Wednesday, August 3rd. The company reported $4.18 EPS for the quarter, topping the consensus estimate of $4.08 by $0.10. The business 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 period in the previous year, the firm earned $4.90 earnings per share. Equities analysts predict that Agrium Inc. will post $5.16 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 20th. Stockholders of record on Friday, September 30th will be given a dividend of $0.875 per share. This represents a $3.50 annualized dividend and a dividend yield of 3.93%. The ex-dividend date of this dividend is Wednesday, September 28th.

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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