Several other research analysts also recently weighed in on AGU. Credit Suisse Group set a $100.00 target price on shares of Agrium and gave the company a “hold” rating in a research note on Saturday. Royal Bank Of Canada upped their target price on shares of Agrium from $105.00 to $110.00 and gave the company an “outperform” rating in a research note on Monday. Scotiabank downgraded shares of Agrium from an “outperform” rating to a “sector perform” rating in a research note on Monday. TD Securities reiterated a “hold” rating and set a $94.00 price objective on shares of Agrium in a research note on Sunday, November 6th. Finally, Cowen and Company upgraded shares of Agrium from a “market perform” rating to an “outperform” rating and set a $109.00 price objective on the stock in a research note on Tuesday, January 24th. Three analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eight have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $99.50.
Agrium Inc. (NYSE:AGU) (TSE:AGU)‘s stock had its “buy” rating reaffirmed by investment analysts at RBC Capital Markets in a research report issued on Monday. They presently have a $110.00 price objective on the stock. RBC Capital Markets’ price objective indicates a potential upside of 4.07% from the company’s previous close.
Shares of Agrium (NYSE:AGU) opened at 105.70 on Monday. The stock’s 50 day moving average is $103.63 and its 200 day moving average is $96.39. The stock has a market capitalization of $14.59 billion, a price-to-earnings ratio of 24.64 and a beta of 0.83. Agrium has a 1-year low of $80.45 and a 1-year high of $111.88.
Agrium (NYSE:AGU) last announced its earnings results on Thursday, February 9th. The company reported $0.68 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.01. The business earned $2.28 billion during the quarter, compared to the consensus estimate of $2.19 billion. Agrium had a net margin of 4.34% and a return on equity of 9.79%. The business’s quarterly revenue was down 5.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.52 earnings per share. On average, equities analysts forecast that Agrium will post $5.43 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Thursday, January 19th. Investors of record on Friday, December 30th were issued a dividend of $0.875 per share. This represents a $3.50 annualized dividend and a dividend yield of 3.31%. The ex-dividend date was Wednesday, December 28th. Agrium’s dividend payout ratio is currently 81.21%.
Hedge funds have recently bought and sold shares of the company. Capital Research Global Investors raised its stake in Agrium by 4.0% in the second quarter. Capital Research Global Investors now owns 10,108,702 shares of the company’s stock valued at $914,102,000 after buying an additional 392,702 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec raised its stake in Agrium by 3.4% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 4,798,853 shares of the company’s stock valued at $433,969,000 after buying an additional 155,652 shares during the last quarter. FMR LLC raised its stake in Agrium by 37.3% in the fourth quarter. FMR LLC now owns 2,706,906 shares of the company’s stock valued at $272,091,000 after buying an additional 735,555 shares during the last quarter. CIBC Asset Management Inc raised its stake in Agrium by 20.2% in the third quarter. CIBC Asset Management Inc now owns 2,631,708 shares of the company’s stock valued at $238,876,000 after buying an additional 442,948 shares during the last quarter. Finally, Artisan Partners Limited Partnership raised its stake in Agrium by 69.5% in the fourth quarter. Artisan Partners Limited Partnership now owns 1,406,622 shares of the company’s stock valued at $141,436,000 after buying an additional 576,824 shares during the last quarter. Institutional investors and hedge funds own 70.13% 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.