Agrium Inc. (NYSE:AGU) has been given a consensus rating of “Hold” by the twenty-six ratings firms that are covering the stock. Two equities research analysts have rated the stock with a sell recommendation, ten have given a hold recommendation and eleven have issued a buy recommendation on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $99.90.
A number of research analysts have recently issued reports on the stock. Sanford C. Bernstein reaffirmed a “buy” rating on shares of Agrium in a research report on Wednesday, August 31st. RBC Capital Markets reaffirmed an “outperform” rating on shares of Agrium in a research report on Wednesday, August 31st. Credit Suisse Group AG reaffirmed a “buy” rating and issued a $91.00 price objective on shares of Agrium in a research report on Thursday, September 1st. Zacks Investment Research raised shares of Agrium from a “strong sell” rating to a “hold” rating in a research report on Tuesday, June 21st. Finally, TD Securities reissued a “hold” rating and set a $94.00 target price (down previously from $96.00) on shares of Agrium in a research report on Tuesday, July 19th.
Several large investors have recently added to or reduced their stakes in the company. Huntington National Bank raised its stake in 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. Regentatlantic Capital LLC raised its stake in Agrium by 0.3% in the second quarter. Regentatlantic Capital LLC now owns 5,702 shares of the company’s stock worth $516,000 after buying an additional 15 shares during the last quarter. Hudson Canyon Investment Counselors LLC raised its stake in Agrium by 0.3% in the second quarter. Hudson Canyon Investment Counselors LLC now owns 9,214 shares of the company’s stock worth $833,000 after buying an additional 25 shares during the last quarter. Raymond James Trust N.A. raised its stake in Agrium by 0.4% in the third quarter. Raymond James Trust N.A. now owns 14,430 shares of the company’s stock worth $1,309,000 after buying an additional 57 shares during the last quarter. Finally, 1st Global Advisors Inc. raised its stake in Agrium by 4.0% in the second quarter. 1st Global Advisors Inc. now owns 2,691 shares of the company’s stock worth $243,000 after buying an additional 103 shares during the last quarter. 69.38% of the stock is owned by institutional investors and hedge funds.
Shares of Agrium (NYSE:AGU) opened at 89.05 on Monday. Agrium has a 52 week low of $79.94 and a 52 week high of $100.24. The stock has a market capitalization of $12.30 billion, a PE ratio of 14.31 and a beta of 1.17. The stock has a 50 day moving average of $91.69 and a 200-day moving average of $90.42.
Agrium (NYSE:AGU) last issued its quarterly earnings data on Wednesday, August 3rd. The company reported $4.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.08 by $0.10. Agrium had a net margin of 6.18% and a return on equity of 14.22%. The firm had revenue of $6.42 billion for the quarter, compared to the consensus estimate of $6.67 billion. During the same quarter in the previous year, the firm earned $4.90 EPS. The company’s quarterly revenue was down 8.3% compared to the same quarter last year. On average, equities research analysts expect that Agrium will post $5.16 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 20th. Stockholders of record on Friday, September 30th will be issued a dividend of $0.875 per share. This represents a $3.50 dividend on an annualized basis and a dividend yield of 3.93%. The ex-dividend date of this dividend is Wednesday, September 28th. Agrium’s payout ratio is 55.73%.
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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