Standpoint Research downgraded shares of Agrium Inc. (NYSE:AGU) (TSE:AGU) from a buy rating to a hold rating in a report issued on Monday.

A number of other equities analysts also recently weighed in on the stock. Bank of America Corp. downgraded shares of Agrium from a buy rating to an underperform rating and set a $91.00 target price for the company. in a research note on Tuesday, September 13th. Barclays PLC raised their target price on shares of Agrium from $96.00 to $98.00 and gave the company an overweight rating in a research note on Thursday, August 18th. BMO Capital Markets downgraded shares of Agrium from an outperform rating to a market perform rating in a research note on Tuesday, September 13th. RBC Capital Markets reaffirmed an outperform rating and set a $139.00 target price (up previously from $125.00) on shares of Agrium in a research note on Wednesday, October 12th. Finally, Cleveland Research reaffirmed a neutral rating on shares of Agrium in a research note on Wednesday, September 14th. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has an average rating of Hold and an average price target of $100.61.

Analyst Recommendations for Agrium (NYSE:AGU)

Agrium (NYSE:AGU) traded down 1.32% during midday trading on Monday, hitting $99.48. 216,303 shares of the company were exchanged. Agrium has a 1-year low of $79.94 and a 1-year high of $101.06. The stock has a 50 day moving average of $92.63 and a 200-day moving average of $91.82. The stock has a market capitalization of $13.75 billion, a price-to-earnings ratio of 18.94 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 (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.11 by $0.23. Agrium had a return on equity of 11.96% and a net margin of 5.27%. The company earned $2.25 billion during the quarter, compared to the consensus estimate of $2.40 billion. During the same period in the previous year, the company earned $0.71 earnings per share. Agrium’s quarterly revenue was down 11.1% on a year-over-year basis. Equities analysts expect that Agrium will post $4.83 earnings per share for the current year.

Several institutional investors have recently modified their holdings of the company. Bank of Montreal Can acquired a new position in shares of Agrium during the second quarter worth approximately $273,853,000. CGOV Asset Management acquired a new position in shares of Agrium during the third quarter worth approximately $156,688,000. Montrusco Bolton Investments Inc. boosted its position in shares of Agrium by 202.3% in the second quarter. Montrusco Bolton Investments Inc. now owns 1,474,695 shares of the company’s stock worth $132,730,000 after buying an additional 986,834 shares during the last quarter. Mackenzie Financial Corp acquired a new position in shares of Agrium during the second quarter worth approximately $82,908,000. Finally, Victory Capital Management Inc. acquired a new position in shares of Agrium during the second quarter worth approximately $66,136,000. 70.27% of the stock is owned by institutional investors and hedge funds.

About Agrium

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.

5 Day Chart for NYSE:AGU

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