Agrium Inc. (AGU) Sees Strong Trading Volume
Agrium Inc. (NYSE:AGU) shares saw an uptick in trading volume on Wednesday . 799,364 shares were traded during trading, an increase of 4% from the previous session’s volume of 767,954 shares.The stock last traded at $96.21 and had previously closed at $95.76.
A number of equities analysts have recently weighed in on the company. Citigroup Inc. boosted their price target on Agrium from $91.00 to $93.00 and gave the stock a “neutral” rating in a report on Monday, August 8th. RBC Capital Markets reissued an “outperform” rating on shares of Agrium in a report on Wednesday. TD Securities reissued a “hold” rating and issued a $96.00 price target (up from $88.00) on shares of Agrium in a report on Thursday, June 9th. Royal Bank Of Canada reissued an “outperform” rating on shares of Agrium in a report on Thursday, June 9th. Finally, Zacks Investment Research cut Agrium from a “hold” rating to a “strong sell” rating in a report on Monday, June 27th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and eleven have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $99.39.
The stock’s 50 day moving average price is $92.13 and its 200-day moving average price is $89.55. The stock has a market capitalization of $13.31 billion and a PE ratio of 15.49.
Agrium (NYSE:AGU) last issued its quarterly earnings results on Wednesday, August 3rd. The company reported $4.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.08 by $0.10. During the same period in the previous year, the business posted $4.90 earnings per share. The firm had revenue of $6.42 billion for the quarter, compared to the consensus estimate of $6.67 billion. The business’s revenue for the quarter was down 8.3% compared to the same quarter last year. On average, analysts forecast that Agrium Inc. will post $5.16 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, October 20th. Shareholders of record on Friday, September 30th will be paid a dividend of $0.875 per share. This represents a $3.50 dividend on an annualized basis and a yield of 3.63%. The ex-dividend date 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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