Agrium Inc. (AGU) Shares Up 6%
Agrium Inc. (NYSE:AGU) shot up 6% during mid-day trading on Tuesday . The stock traded as high as $100.24 and last traded at $94.84, with a volume of 3,274,462 shares. The stock had previously closed at $89.48.
Several research firms recently issued reports on AGU. RBC Capital Markets reiterated an “outperform” rating on shares of Agrium in a report on Wednesday. Credit Suisse Group AG reiterated a “buy” rating and issued a $91.00 price objective on shares of Agrium in a report on Thursday. BMO Capital Markets reiterated a “buy” rating and issued a $100.00 price objective on shares of Agrium in a report on Thursday, June 9th. Credit Agricole SA cut Agrium from an “underperform” rating to a “sell” rating and lifted their price objective for the stock from $84.00 to $86.00 in a report on Thursday, June 9th. Finally, Zacks Investment Research upgraded Agrium from a “strong sell” rating to a “hold” rating in a report on Tuesday, June 21st. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and eleven have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $99.28.
The company has a 50-day moving average price of $92.15 and a 200 day moving average price of $89.55. The stock has a market capitalization of $13.31 billion and a PE ratio of 15.49.
Agrium (NYSE:AGU) last released its quarterly earnings results on Wednesday, August 3rd. The company reported $4.18 EPS for the quarter, beating the consensus estimate of $4.08 by $0.10. The business earned $6.42 billion during the quarter, compared to analyst estimates of $6.67 billion. During the same quarter in the prior year, the company earned $4.90 earnings per share. The firm’s revenue for the quarter was down 8.3% compared to the same quarter last year. Analysts expect that Agrium Inc. will post $5.16 EPS for the current year.
The company also recently announced 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 is Wednesday, September 28th. This represents a $3.50 dividend on an annualized basis and a yield of 3.63%.
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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