Agrium Inc. (AGU) Receives $99.70 Consensus Price Target from Analysts
Agrium Inc. (NYSE:AGU) (TSE:AGU) has received a consensus rating of “Hold” from the twenty-six ratings firms that are covering the stock. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and nine have issued a buy rating on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $99.70.
AGU has been the topic of a number of research reports. AltaCorp Capital downgraded Agrium from an “outperform” rating to a “sector perform” rating in a research report on Thursday, July 21st. TD Securities restated a “hold” rating and set a $94.00 price target on shares of Agrium in a research report on Thursday, August 4th. Credit Agricole SA upgraded Agrium from a “sell” rating to an “underperform” rating in a research report on Friday, August 5th. BMO Capital Markets restated a “buy” rating and set a $95.00 price target on shares of Agrium in a research report on Friday, August 5th. Finally, Citigroup Inc. raised their price target on Agrium from $91.00 to $93.00 and gave the company a “neutral” rating in a research report on Monday, August 8th.
Several hedge funds have recently modified their holdings of AGU. Advisor Group Inc. bought a new stake in shares of Agrium during the second quarter worth approximately $110,000. BlackRock Institutional Trust Company N.A. purchased a new position in shares of Agrium during the second quarter worth $123,000. Exane Derivatives purchased a new position in shares of Agrium during the second quarter worth $126,000. Huntington National Bank raised its position in shares of Agrium by 0.4% in the second quarter. Huntington National Bank now owns 1,773 shares of the company’s stock worth $160,000 after buying an additional 7 shares during the last quarter. Finally, Societe Generale purchased a new position in shares of Agrium during the second quarter worth $163,000. 69.44% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Agrium (NYSE:AGU) opened at 97.87 on Monday. Agrium has a 12 month low of $79.94 and a 12 month high of $100.24. The company’s 50 day moving average price is $91.96 and its 200 day moving average price is $91.48. The company has a market cap of $13.52 billion, a price-to-earnings ratio of 18.64 and a beta of 0.93.
Agrium (NYSE:AGU) last released its quarterly earnings results on Thursday, November 3rd. The company reported ($0.12) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.11 by $0.23. Agrium had a net margin of 5.27% and a return on equity of 11.96%. The firm had revenue of $2.25 billion for the quarter, compared to analysts’ expectations of $2.40 billion. During the same quarter in the previous year, the business earned $0.71 EPS. The company’s revenue for the quarter was down 11.1% on a year-over-year basis. On average, equities analysts expect that Agrium will post $4.86 EPS for the current fiscal year.
Agrium Company Profile
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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