Agrium Inc. (NYSE:AGU) (TSE:AGU)‘s stock had its “buy” rating reaffirmed by investment analysts at Stifel Nicolaus in a research note issued to investors on Friday. They presently have a $116.00 price objective on the basic materials company’s stock, up from their prior price objective of $107.00. Stifel Nicolaus’ target price would suggest a potential upside of 17.93% from the stock’s current price.

Several other research analysts also recently commented on the stock. Scotiabank raised shares of Agrium from a “sector perform” rating to an “outperform” rating and set a $110.00 price target on the stock in a research note on Monday, July 10th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $110.00 price target on shares of Agrium in a research note on Thursday, June 29th. AltaCorp Capital reaffirmed a “sector perform” rating on shares of Agrium in a research note on Thursday, June 22nd. Citigroup Inc. reduced their price target on shares of Agrium from $104.00 to $100.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 9th. Finally, Vertical Research raised shares of Agrium from a “hold” rating to a “buy” rating in a research note on Friday, May 19th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and ten have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $103.86.

Shares of Agrium (NYSE:AGU) traded down 0.08% during trading on Friday, hitting $98.36. 336,360 shares of the company traded hands. The company has a 50 day moving average price of $96.60 and a 200 day moving average price of $96.13. Agrium has a 52 week low of $87.78 and a 52 week high of $111.88. The company has a market capitalization of $13.57 billion, a price-to-earnings ratio of 23.73 and a beta of 0.62.

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Several hedge funds have recently added to or reduced their stakes in the stock. Dodge & Cox boosted its stake in Agrium by 33.2% in the second quarter. Dodge & Cox now owns 5,644,826 shares of the basic materials company’s stock worth $510,800,000 after buying an additional 1,407,700 shares in the last quarter. Vanguard Group Inc. boosted its stake in Agrium by 5.0% in the second quarter. Vanguard Group Inc. now owns 3,294,304 shares of the basic materials company’s stock worth $298,101,000 after buying an additional 156,575 shares in the last quarter. FMR LLC boosted its stake in Agrium by 7.8% in the first quarter. FMR LLC now owns 2,919,193 shares of the basic materials company’s stock worth $278,606,000 after buying an additional 212,287 shares in the last quarter. TD Asset Management Inc. boosted its stake in Agrium by 4.9% in the second quarter. TD Asset Management Inc. now owns 2,276,598 shares of the basic materials company’s stock worth $206,028,000 after buying an additional 107,154 shares in the last quarter. Finally, Artisan Partners Limited Partnership boosted its stake in Agrium by 9.4% in the second quarter. Artisan Partners Limited Partnership now owns 1,654,310 shares of the basic materials company’s stock worth $149,698,000 after buying an additional 142,643 shares in the last quarter. Institutional investors and hedge funds own 69.03% of the company’s stock.

About Agrium

Agrium Inc is a retailer of agricultural products and services in the United States, Canada, Australia, Argentina, Brazil, Chile and Uruguay and a multi-national producer and wholesale marketer of nutrients for agricultural and industrial markets. The Company’s segments include Retail and Wholesale. As of December 31, 2016, its Retail business unit marketed crop nutrients, crop protection products, seed, merchandise, application and other agronomic services through 1,500 retail locations in the United States, Canada, Australia, Argentina, Brazil, Chile and Uruguay.

Analyst Recommendations for Agrium (NYSE:AGU)

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