Royal Bank Of Canada set a $110.00 price objective on Agrium Inc. (NYSE:AGU) (TSE:AGU) in a report issued on Friday. The brokerage currently has an outperform rating on the basic materials company’s stock.

AGU has been the subject of a number of other reports. AltaCorp Capital reissued a sector perform rating on shares of Agrium in a research note on Thursday, June 22nd. Vertical Research raised shares of Agrium from a hold rating to a buy rating in a research note on Friday, May 19th. Credit Suisse Group reaffirmed a hold rating and set a $91.00 price target on shares of Agrium in a research note on Friday, April 21st. Scotiabank raised shares of Agrium from a sector perform rating to an outperform rating and set a $110.00 price target for the company in a research note on Monday, July 10th. Finally, Stifel Nicolaus reaffirmed a buy rating and set a $107.00 price target (down from $114.00) on shares of Agrium in a research note on Monday, July 10th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and ten have assigned a buy rating to the company. Agrium presently has an average rating of Hold and an average target price of $103.71.

Agrium (NYSE:AGU) traded down 0.71% during mid-day trading on Friday, reaching $97.75. 213,311 shares of the company’s stock traded hands. Agrium has a 12-month low of $87.75 and a 12-month high of $111.88. The stock has a 50-day moving average price of $92.11 and a 200-day moving average price of $97.03. The stock has a market capitalization of $13.51 billion, a PE ratio of 23.30 and a beta of 0.60.

ILLEGAL ACTIVITY NOTICE: “Royal Bank Of Canada Analysts Give Agrium Inc. (AGU) a $110.00 Price Target” was first published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this news story on another website, it was stolen and reposted in violation of US and international copyright & trademark laws. The correct version of this news story can be accessed at https://www.thecerbatgem.com/2017/07/18/royal-bank-of-canada-analysts-give-agrium-inc-agu-a-110-00-price-target.html.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 20th. Investors of record on Friday, June 30th will be issued a dividend of $0.875 per share. The ex-dividend date of this dividend is Wednesday, June 28th. This represents a $3.50 dividend on an annualized basis and a yield of 3.56%. Agrium’s payout ratio is 83.14%.

Large investors have recently made changes to their positions in the stock. Cascade Investment Advisors Inc. raised its stake in shares of Agrium by 0.5% in the second quarter. Cascade Investment Advisors Inc. now owns 18,185 shares of the basic materials company’s stock worth $1,646,000 after buying an additional 85 shares during the last quarter. World Asset Management Inc raised its stake in shares of Agrium by 1.0% in the first quarter. World Asset Management Inc now owns 8,607 shares of the basic materials company’s stock worth $822,000 after buying an additional 86 shares during the last quarter. Jarislowsky Fraser Ltd raised its stake in shares of Agrium by 3.2% in the first quarter. Jarislowsky Fraser Ltd now owns 3,000 shares of the basic materials company’s stock worth $285,000 after buying an additional 92 shares during the last quarter. Comerica Bank raised its stake in shares of Agrium by 1.2% in the first quarter. Comerica Bank now owns 8,519 shares of the basic materials company’s stock worth $809,000 after buying an additional 103 shares during the last quarter. Finally, Envestnet Asset Management Inc. raised its stake in shares of Agrium by 4.8% in the first quarter. Envestnet Asset Management Inc. now owns 2,247 shares of the basic materials company’s stock worth $212,000 after buying an additional 103 shares during the last quarter. Institutional investors own 69.14% of the company’s stock.

Agrium Company Profile

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)

Receive News & Stock Ratings for Agrium Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Agrium Inc. and related stocks with our FREE daily email newsletter.