Scotiabank downgraded shares of Agrium Inc. (NYSE:AGU) (TSE:AGU) from an outperform rating to a sector perform rating in a research note issued to investors on Monday.

Other equities research analysts have also issued research reports about the stock. Zacks Investment Research lowered shares of Agrium from a hold rating to a sell rating in a report on Wednesday, January 4th. Standpoint Research lowered shares of Agrium from a buy rating to a hold rating in a report on Monday, November 21st. TD Securities reissued a hold rating and issued a $94.00 price target on shares of Agrium in a report on Sunday, November 6th. Cowen and Company raised shares of Agrium from a market perform rating to an outperform rating and set a $109.00 price target on the stock in a report on Tuesday, January 24th. Finally, Royal Bank Of Canada raised their price target on shares of Agrium from $105.00 to $110.00 and gave the stock an outperform rating in a report on Monday. Three research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eight have assigned a buy rating to the stock. The stock presently has an average rating of Hold and an average target price of $100.67.

Analyst Recommendations for Agrium (NYSE:AGU)

Shares of Agrium (NYSE:AGU) opened at 104.09 on Monday. The company has a 50 day moving average of $104.08 and a 200-day moving average of $96.79. Agrium has a 12-month low of $80.45 and a 12-month high of $111.88. The firm has a market cap of $14.38 billion, a price-to-earnings ratio of 24.26 and a beta of 0.83.

Agrium (NYSE:AGU) last released its earnings results on Thursday, February 9th. The company reported $0.68 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.67 by $0.01. Agrium had a net margin of 4.34% and a return on equity of 9.79%. The company had revenue of $2.28 billion for the quarter, compared to analyst estimates of $2.19 billion. During the same quarter last year, the firm earned $1.52 EPS. The firm’s quarterly revenue was down 5.3% compared to the same quarter last year. Analysts predict that Agrium will post $5.30 EPS for the current year.

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The business also recently announced a quarterly dividend, which was paid on Thursday, January 19th. Stockholders of record on Friday, December 30th were paid a dividend of $0.875 per share. This represents a $3.50 dividend on an annualized basis and a dividend yield of 3.36%. The ex-dividend date was Wednesday, December 28th. Agrium’s payout ratio is 81.21%.

Several large investors have recently made changes to their positions in the stock. Meag Munich Ergo Kapitalanlagegesellschaft MBH raised its stake in shares of Agrium by 44.4% in the second quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 39,000 shares of the company’s stock worth $3,524,000 after buying an additional 12,000 shares during the last quarter. Boston Private Wealth LLC raised its stake in shares of Agrium by 14.8% in the second quarter. Boston Private Wealth LLC now owns 8,043 shares of the company’s stock worth $727,000 after buying an additional 1,035 shares during the last quarter. USS Investment Management Ltd bought a new stake in shares of Agrium during the second quarter worth $6,710,000. AGF Investments America Inc. bought a new stake in shares of Agrium during the second quarter worth $1,108,000. Finally, AGF Investments Inc. raised its stake in shares of Agrium by 11.0% in the second quarter. AGF Investments Inc. now owns 727,562 shares of the company’s stock worth $65,788,000 after buying an additional 72,100 shares during the last quarter. 70.13% of the stock is currently owned by hedge funds and other institutional investors.

About Agrium

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.

5 Day Chart for NYSE:AGU

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