Agrium Inc. (NYSE:AGU) (TSE:AGU) was upgraded by equities researchers at OTR Global to a “neutral” rating in a note issued to investors on Tuesday.

Several other research firms have also recently weighed in on AGU. Vertical Research raised Agrium from a “hold” rating to a “buy” rating in a report on Friday, May 19th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $110.00 price target on shares of Agrium in a report on Thursday, June 29th. AltaCorp Capital reaffirmed a “sector perform” rating on shares of Agrium in a report on Thursday, June 22nd. Scotiabank raised Agrium from a “sector perform” rating to an “outperform” rating and set a $110.00 price target on the stock in a report on Monday, July 10th. Finally, Zacks Investment Research cut Agrium from a “hold” rating to a “sell” rating in a report on Tuesday, July 4th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and eight have given a buy rating to the company’s stock. Agrium presently has a consensus rating of “Hold” and a consensus target price of $105.91.

Shares of Agrium (NYSE:AGU) opened at 102.15 on Tuesday. Agrium has a 12-month low of $87.78 and a 12-month high of $111.88. The stock’s 50 day moving average price is $98.68 and its 200 day moving average price is $95.04. The company has a market capitalization of $14.11 billion, a PE ratio of 24.64 and a beta of 0.62.

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A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Archford Capital Strategies LLC grew its position in Agrium by 7,579.7% during the 2nd quarter. Archford Capital Strategies LLC now owns 12,134 shares of the basic materials company’s stock worth $1,450,000 after acquiring an additional 11,976 shares during the last quarter. Afam Capital Inc. grew its position in Agrium by 0.7% during the 2nd quarter. Afam Capital Inc. now owns 17,981 shares of the basic materials company’s stock worth $1,627,000 after acquiring an additional 119 shares during the last quarter. Verition Fund Management LLC bought a new position in Agrium during the 2nd quarter worth approximately $1,003,000. Scotia Capital Inc. grew its position in Agrium by 10.5% during the 2nd quarter. Scotia Capital Inc. now owns 383,158 shares of the basic materials company’s stock worth $34,640,000 after acquiring an additional 36,550 shares during the last quarter. Finally, Bank of Nova Scotia grew its position in Agrium by 10.7% during the 2nd quarter. Bank of Nova Scotia now owns 762,339 shares of the basic materials company’s stock worth $69,101,000 after acquiring an additional 73,748 shares during the last quarter. Institutional investors and hedge funds own 66.42% 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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