Agrium Stock Rating Lowered by UBS AG (AGU)
Agrium (NYSE:AGU) was downgraded by equities researchers at UBS AG from an “overweight” rating to a “neutral” rating in a research report issued on Wednesday, AnalystRatings.Net reports. They currently have a $117.00 target price on the stock, up from their previous target price of $95.00. UBS AG’s target price would suggest a potential upside of 30.77% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at HSBC downgraded shares of Agrium from an “overweight” rating to a “neutral” rating in a research note to investors on Wednesday, August 21st. They now have a $95.00 price target on the stock, down previously from $117.00. Separately, analysts at Zacks reiterated an “underperform” rating on shares of Agrium in a research note to investors on Tuesday, August 20th. They now have a $78.00 price target on the stock. Finally, analysts at National Bank Financial upgraded shares of Agrium from an “underperform” rating to a “sector perform” rating in a research note to investors on Thursday, August 8th. They now have a $84.00 price target on the stock, up previously from $83.00.
Three equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and nine have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $104.91.
Shares of Agrium (NYSE:AGU) traded up 3.18% on Wednesday, hitting $89.47. 1,422,381 shares of the company’s stock traded hands. Agrium has a one year low of $77.19 and a one year high of $115.31. The stock has a 50-day moving average of $87.56 and a 200-day moving average of $93.87. The company has a market cap of $13.152 billion and a P/E ratio of 9.61. Agrium also was the recipient of some unusual options trading activity on Monday. Traders bought 4,193 put options on the company. This is an increase of 156% compared to the average volume of 1,641 put options.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, October 17th. Investors of record on Monday, September 30th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 2.24%. The ex-dividend date of this dividend is Thursday, September 26th.
Agrium Inc (NYSE:AGU), is a global producer and marketer of nutrients for agricultural and industrial markets.
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