TD Securities Reiterates “Hold” Rating for Agrium Inc. (AGU)
Agrium Inc. (TSE:AGU)‘s stock had its “hold” rating reissued by TD Securities in a report issued on Wednesday. They presently have a C$94.00 price objective on the stock. TD Securities’ price objective indicates a potential downside of 22.33% from the stock’s current price.
Other analysts have also recently issued research reports about the stock. Royal Bank Of Canada reissued an “outperform” rating and issued a C$121.00 price target on shares of Agrium in a research note on Wednesday, July 13th. AltaCorp Capital raised shares of Agrium from a “sector perform” rating to an “outperform” rating in a research note on Friday, August 5th.
Agrium (TSE:AGU) opened at 121.02 on Wednesday. Agrium has a 12-month low of $104.70 and a 12-month high of $133.25. The firm has a 50-day moving average of $120.04 and a 200 day moving average of $117.37. The stock has a market capitalization of $16.72 billion and a price-to-earnings ratio of 19.45.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 20th. Stockholders of record on Friday, September 30th will be issued a $0.875 dividend. This represents a $3.50 annualized dividend and a dividend yield of 2.89%.
Agrium Company Profile
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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