Agrium’s (AGU) Outperform Rating Reiterated at Scotiabank
Several other research firms have also recently weighed in on AGU. Barclays PLC raised their price objective on shares of Agrium from $96.00 to $98.00 and gave the company an overweight rating in a research report on Thursday, August 18th. TheStreet cut shares of Agrium from a buy rating to a hold rating in a research report on Thursday, November 3rd. Citigroup Inc. lifted their price target on shares of Agrium from $91.00 to $93.00 and gave the stock a neutral rating in a research report on Monday, August 8th. BMO Capital Markets reiterated a buy rating and set a $95.00 price target on shares of Agrium in a research report on Friday, August 5th. Finally, RBC Capital Markets reiterated an outperform rating on shares of Agrium in a research report on Wednesday, August 31st. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and nine have issued a buy rating to the company’s stock. The stock has an average rating of Hold and an average target price of $100.61.
Shares of Agrium (NYSE:AGU) opened at 97.85 on Tuesday. The stock has a market cap of $13.52 billion, a P/E ratio of 18.63 and a beta of 0.93. Agrium has a 52-week low of $79.94 and a 52-week high of $100.24. The firm has a 50-day moving average of $91.21 and a 200-day moving average of $91.10.
Agrium (NYSE:AGU) last posted its quarterly earnings data on Thursday, November 3rd. The company reported ($0.12) earnings per share for the quarter, missing the consensus estimate of $0.11 by $0.23. The company earned $2.25 billion during the quarter, compared to analyst estimates of $2.40 billion. Agrium had a net margin of 5.27% and a return on equity of 11.96%. The company’s revenue was down 11.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.71 EPS. On average, equities analysts expect that Agrium will post $4.83 EPS for the current fiscal year.
Several institutional investors have recently added to or reduced their stakes in AGU. Advisor Group Inc. bought a new position in Agrium during the second quarter valued at approximately $110,000. BlackRock Institutional Trust Company N.A. bought a new position in Agrium during the second quarter valued at approximately $123,000. Exane Derivatives bought a new position in Agrium during the second quarter valued at approximately $126,000. Huntington National Bank increased its position in Agrium by 0.4% in the second quarter. Huntington National Bank now owns 1,773 shares of the company’s stock valued at $160,000 after buying an additional 7 shares in the last quarter. Finally, Societe Generale bought a new position in Agrium during the second quarter valued at approximately $163,000. Hedge funds and other institutional investors own 68.91% 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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