Agrium Inc. (NYSE:AGU) traded down 1.8% during trading on Friday . The company traded as low as $89.45 and last traded at $89.50, with a volume of 173,425 shares traded. The stock had previously closed at $91.10.

Several brokerages have recently issued reports on AGU. TheStreet lowered shares of Agrium from a “buy” rating to a “hold” rating in a research note on Wednesday, May 4th. Morgan Stanley reaffirmed a “hold” rating on shares of Agrium in a research note on Thursday, June 16th. AltaCorp Capital lowered shares of Agrium from an “outperform” rating to a “sector perform” rating in a research note on Thursday, July 21st. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Agrium in a research note on Thursday, June 9th. Finally, TD Securities reaffirmed a “hold” rating and issued a $94.00 target price on shares of Agrium in a research note on Thursday, August 4th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and ten have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $99.39.

The company has a market capitalization of $12.30 billion and a price-to-earnings ratio of 14.31. The company’s 50-day moving average price is $91.84 and its 200-day moving average price is $89.22.

Agrium (NYSE:AGU) last announced its earnings results on Wednesday, August 3rd. The company reported $4.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.08 by $0.10. The business had revenue of $6.42 billion for the quarter, compared to analysts’ expectations of $6.67 billion. During the same period in the prior year, the business earned $4.90 earnings per share. The company’s revenue for the quarter was down 8.3% compared to the same quarter last year. On average, analysts expect that Agrium Inc. will post $5.16 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 20th. Stockholders 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 dividend yield of 3.93%. The ex-dividend date of this dividend is Wednesday, September 28th.

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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