Agrium Inc. (NYSE:AGU)‘s stock had its “outperform” rating restated by research analysts at RBC Capital Markets in a note issued to investors on Wednesday. They presently have a $139.00 price target on the stock, up from their previous price target of $125.00. RBC Capital Markets’ price objective suggests a potential upside of 55.46% from the company’s previous close.
Other analysts also recently issued research reports about the stock. TheStreet upgraded shares of Agrium from a “hold” rating to a “buy” rating in a report on Thursday, June 16th. BMO Capital Markets restated a “buy” rating and issued a $95.00 price target on shares of Agrium in a research note on Friday, August 5th. Credit Suisse Group AG restated a “buy” rating and issued a $91.00 price target on shares of Agrium in a research note on Thursday, September 1st. Sanford C. Bernstein restated a “buy” rating on shares of Agrium in a research note on Wednesday, August 31st. Finally, Zacks Investment Research upgraded shares of Agrium from a “strong sell” rating to a “hold” rating in a research note on Tuesday, June 21st. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and eleven have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $100.78.
Agrium (NYSE:AGU) traded down 0.40% during trading on Wednesday, hitting $89.05. The company had a trading volume of 444,611 shares. The stock has a market capitalization of $12.30 billion, a price-to-earnings ratio of 14.31 and a beta of 1.17. Agrium has a 52-week low of $79.94 and a 52-week high of $100.24. The firm’s 50 day moving average is $91.77 and its 200-day moving average is $90.43.
Agrium (NYSE:AGU) last posted its earnings results on Wednesday, August 3rd. The company reported $4.18 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $4.08 by $0.10. Agrium had a net margin of 6.18% and a return on equity of 14.22%. The firm earned $6.42 billion during the quarter, compared to the consensus estimate of $6.67 billion. During the same quarter last year, the firm earned $4.90 EPS. The firm’s revenue for the quarter was down 8.3% on a year-over-year basis. On average, equities analysts forecast that Agrium will post $5.16 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, October 20th. Stockholders of record on Friday, September 30th will be paid a dividend of $0.875 per share. The ex-dividend date of this dividend is Wednesday, September 28th. This represents a $3.50 dividend on an annualized basis and a dividend yield of 3.91%. Agrium’s dividend payout ratio (DPR) is 55.73%.
Hedge funds and other institutional investors have recently modified their holdings of the company. 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 period. Regentatlantic Capital LLC raised its position in shares of Agrium by 0.3% in the second quarter. Regentatlantic Capital LLC now owns 5,702 shares of the company’s stock valued at $516,000 after buying an additional 15 shares during the last quarter. Hudson Canyon Investment Counselors LLC raised its position in shares of Agrium by 0.3% in the second quarter. Hudson Canyon Investment Counselors LLC now owns 9,214 shares of the company’s stock valued at $833,000 after buying an additional 25 shares during the last quarter. Raymond James Trust N.A. raised its position in shares of Agrium by 0.4% in the third quarter. Raymond James Trust N.A. now owns 14,430 shares of the company’s stock valued at $1,309,000 after buying an additional 57 shares during the last quarter. Finally, 1st Global Advisors Inc. raised its position in shares of Agrium by 4.0% in the second quarter. 1st Global Advisors Inc. now owns 2,691 shares of the company’s stock valued at $243,000 after buying an additional 103 shares during the last quarter. Institutional investors and hedge funds own 69.38% of the company’s stock.
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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