Agrium Inc. (AGU) Rating Reiterated by RBC Capital Markets
Agrium Inc. (NYSE:AGU)‘s stock had its “outperform” rating restated by analysts at RBC Capital Markets in a note issued to investors on Wednesday. They currently have a $139.00 price objective on the stock, up from their previous price objective of $125.00. RBC Capital Markets’ price target indicates a potential upside of 55.64% from the company’s current price.
A number of other research analysts also recently commented on AGU. Citigroup Inc. increased their price objective on Agrium from $91.00 to $93.00 and gave the company a “neutral” rating in a report on Monday, August 8th. Zacks Investment Research upgraded Agrium from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 13th. Credit Suisse Group AG reiterated a “buy” rating and issued a $91.00 price objective on shares of Agrium in a report on Thursday, September 1st. TheStreet upgraded Agrium from a “hold” rating to a “buy” rating in a research note on Thursday, June 16th. 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, eleven have issued a hold rating and eleven have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $100.78.
Shares of Agrium (NYSE:AGU) opened at 89.31 on Wednesday. The stock has a market capitalization of $12.34 billion, a PE ratio of 14.35 and a beta of 1.17. The stock has a 50 day moving average price of $91.62 and a 200-day moving average price of $90.41. Agrium has a 52-week low of $79.94 and a 52-week high of $100.24.
Agrium (NYSE:AGU) last released its quarterly earnings data on Wednesday, August 3rd. The company reported $4.18 EPS for the quarter, beating analysts’ consensus estimates of $4.08 by $0.10. Agrium had a return on equity of 14.22% and a net margin of 6.18%. The business had revenue of $6.42 billion for the quarter, compared to the consensus estimate of $6.67 billion. During the same quarter in the prior year, the business posted $4.90 EPS. The business’s revenue for the quarter was down 8.3% on a year-over-year basis. On average, equities research analysts anticipate that Agrium will post $5.16 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, October 20th. Shareholders 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 yield of 3.92%. The ex-dividend date of this dividend is Wednesday, September 28th. Agrium’s payout ratio is 55.73%.
A number of institutional investors have recently added to or reduced their stakes in AGU. Advisor Group Inc. bought a new position in Agrium during the second quarter valued at $110,000. BlackRock Institutional Trust Company N.A. bought a new position in Agrium during the second quarter valued at $123,000. Exane Derivatives bought a new position in Agrium during the second quarter valued at $126,000. Huntington Asset Advisors Inc. bought a new position in Agrium during the first quarter valued at $150,000. Finally, Huntington National Bank increased its position in Agrium by 0.4% in the second quarter. Huntington National Bank now owns 1,773 shares of the company’s stock valued at $160,000 after buying an additional 7 shares during the last quarter. 69.38% of the stock is owned by institutional investors.
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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