Agrium Inc. (AGU) Shares Up 6%
Agrium Inc. (NYSE:AGU) shares shot up 6% during trading on Tuesday . The company traded as high as $100.24 and last traded at $94.84, with a volume of 3,274,462 shares traded. The stock had previously closed at $89.48.
A number of research firms have recently commented on AGU. Citigroup Inc. boosted their target price on shares of Agrium from $91.00 to $93.00 and gave the stock a “neutral” rating in a research report on Monday, August 8th. TD Securities reissued 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. Royal Bank Of Canada reissued an “outperform” rating on shares of Agrium in a research report on Thursday, June 9th. Zacks Investment Research cut shares of Agrium from a “hold” rating to a “strong sell” rating in a research report on Monday, June 27th. Finally, Morgan Stanley restated a “hold” rating on shares of Agrium in a research note on Thursday, June 16th. Two equities 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 company. The company presently has an average rating of “Hold” and an average price target of $99.39.
The firm has a 50 day moving average of $91.85 and a 200-day moving average of $89.40. The company has a market capitalization of $13.23 billion and a price-to-earnings ratio of 15.39.
Agrium (NYSE:AGU) last posted its quarterly earnings data on Wednesday, August 3rd. The company reported $4.18 earnings per share for the quarter, beating the consensus estimate of $4.08 by $0.10. During the same period in the prior year, the company posted $4.90 earnings per share. The business earned $6.42 billion during the quarter, compared to the consensus estimate of $6.67 billion. The firm’s revenue was down 8.3% compared to the same quarter last year. On average, analysts forecast that Agrium Inc. will post $5.16 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 20th. Stockholders of record on Friday, September 30th will be given a $0.875 dividend. The ex-dividend date is Wednesday, September 28th. This represents a $3.50 annualized dividend and a dividend yield of 3.65%.
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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