Agrium Inc. (NYSE:AGU) Receives Average Recommendation of “Hold” from Brokerages
Shares of Agrium Inc. (NYSE:AGU) have been assigned a consensus recommendation of “Hold” from the twenty-six research firms that are presently covering the firm. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and eleven have assigned a buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $97.11.
Several equities analysts have recently weighed in on the company. RBC Capital Markets reiterated an “outperform” rating on shares of Agrium in a report on Wednesday, August 31st. Credit Suisse Group AG reiterated a “buy” rating and set a $91.00 price objective on shares of Agrium in a report on Thursday, September 1st. Sanford C. Bernstein reiterated a “buy” rating on shares of Agrium in a report on Wednesday, August 31st. Zacks Investment Research raised Agrium from a “strong sell” rating to a “hold” rating in a research report on Tuesday, June 21st. Finally, TD Securities reissued a “hold” rating and issued a $94.00 target price (down previously from $96.00) on shares of Agrium in a research report on Tuesday, July 19th.
Shares of Agrium (NYSE:AGU) traded up 0.82% during midday trading on Monday, hitting $90.26. The company had a trading volume of 175,977 shares. The firm’s 50-day moving average is $91.84 and its 200-day moving average is $90.44. The firm has a market capitalization of $12.47 billion, a P/E ratio of 14.51 and a beta of 1.17. Agrium has a 12-month low of $79.94 and a 12-month high of $100.24.
Agrium (NYSE:AGU) last released its quarterly earnings data on Wednesday, August 3rd. The company reported $4.18 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $4.08 by $0.10. Agrium had a return on equity of 14.22% and a net margin of 6.18%. The business had revenue of $6.42 billion for the quarter, compared to analysts’ expectations of $6.67 billion. During the same quarter in the previous year, the business posted $4.90 EPS. Agrium’s revenue for the quarter was down 8.3% on a year-over-year basis. On average, analysts predict that Agrium will post $5.16 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, October 20th. Investors of record on Friday, September 30th will be paid a $0.875 dividend. The ex-dividend date is Wednesday, September 28th. This represents a $3.50 annualized dividend and a yield of 3.91%. Agrium’s dividend payout ratio (DPR) is presently 55.73%.
A number of hedge funds have recently added to or reduced their stakes in AGU. Capital Research Global Investors increased its stake in Agrium by 4.0% in the second quarter. Capital Research Global Investors now owns 10,108,702 shares of the company’s stock valued at $914,102,000 after buying an additional 392,702 shares during the period. Caisse DE Depot ET Placement DU Quebec increased its stake in Agrium by 2.4% in the second quarter. Caisse DE Depot ET Placement DU Quebec now owns 4,643,201 shares of the company’s stock worth $417,913,000 after buying an additional 110,001 shares during the last quarter. Wellington Management Group LLP increased its stake in Agrium by 13.6% in the first quarter. Wellington Management Group LLP now owns 3,532,573 shares of the company’s stock worth $311,936,000 after buying an additional 424,215 shares during the last quarter. Bank of Montreal Can bought a new stake in Agrium during the second quarter worth $273,853,000. Finally, Vanguard Group Inc. increased its stake in Agrium by 11.0% in the second quarter. Vanguard Group Inc. now owns 2,774,380 shares of the company’s stock worth $250,860,000 after buying an additional 274,556 shares during the last quarter. Institutional investors and hedge funds own 69.38% of the company’s stock.
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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