Agrium Inc. (NYSE:AGU) (TSE:AGU) was upgraded by analysts at TD Securities from a “hold” rating to a “buy” rating in a research note issued on Thursday.

A number of other research firms also recently issued reports on AGU. Royal Bank Of Canada raised their target price on Agrium from $110.00 to $115.00 and gave the stock an “outperform” rating in a research report on Friday, September 15th. AltaCorp Capital reissued a “sector perform” rating on shares of Agrium in a research report on Thursday, June 22nd. Scotiabank raised Agrium from a “sector perform” rating to an “outperform” rating and set a $110.00 target price for the company in a research report on Monday, July 10th. Zacks Investment Research downgraded Agrium from a “hold” rating to a “sell” rating in a research report on Tuesday, July 4th. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $107.00 target price (down from $114.00) on shares of Agrium in a research report on Monday, July 10th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and nine have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $106.36.

Shares of Agrium (NYSE AGU) opened at 107.92 on Thursday. The company has a 50-day moving average price of $99.51 and a 200 day moving average price of $95.35. Agrium has a 1-year low of $87.78 and a 1-year high of $111.88. The company has a market capitalization of $14.91 billion, a P/E ratio of 26.04 and a beta of 0.62.

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Hedge funds and other institutional investors have recently made changes to their positions in the company. Point72 Asset Management L.P. bought a new stake in Agrium during the first quarter valued at $11,886,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its stake in Agrium by 6.4% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 21,600 shares of the basic materials company’s stock valued at $1,505,000 after buying an additional 1,300 shares during the period. NorthCoast Asset Management LLC boosted its stake in Agrium by 121.5% during the second quarter. NorthCoast Asset Management LLC now owns 37,818 shares of the basic materials company’s stock valued at $3,422,000 after buying an additional 20,745 shares during the period. Cascade Investment Advisors Inc. boosted its stake in Agrium by 0.5% during the second quarter. Cascade Investment Advisors Inc. now owns 18,185 shares of the basic materials company’s stock valued at $1,646,000 after buying an additional 85 shares during the period. Finally, Aviva PLC boosted its stake in Agrium by 1.1% during the second quarter. Aviva PLC now owns 86,904 shares of the basic materials company’s stock valued at $7,857,000 after buying an additional 960 shares during the period. Institutional investors own 66.41% of the company’s stock.

About Agrium

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)

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