Agrium PT Raised to $102.00 (AGU)
Piper Jaffray lifted their target price on shares of Agrium (NYSE:AGU) from $94.00 to $102.00 in a research note issued on Monday, Analyst RN reports. Piper Jaffray’s price objective points to a potential upside of 12.73% from the company’s current price.
A number of other analysts have also recently weighed in on AGU. Analysts at RBC Capital initiated coverage on shares of Agrium in a research note to investors on Wednesday, December 4th. They set an “outperform” rating and a $115.00 price target on the stock. Separately, analysts at Raymond James initiated coverage on shares of Agrium in a research note to investors on Thursday, November 21st. They set an “outperform” rating and a $106.00 price target on the stock. Finally, analysts at Zacks upgraded shares of Agrium from an “underperform” rating to a “neutral” rating in a research note to investors on Wednesday, November 13th. They now have a $95.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and eleven have assigned a buy rating to the company’s stock. Agrium presently has an average rating of “Hold” and an average target price of $104.86.
Agrium (NYSE:AGU) traded down 0.26% during mid-day trading on Monday, hitting $90.48. The stock had a trading volume of 554,098 shares. Agrium has a 52 week low of $77.19 and a 52 week high of $115.31. The stock has a 50-day moving average of $90.30 and a 200-day moving average of $87.91. The company has a market cap of $13.074 billion and a P/E ratio of 10.26.
Agrium (NYSE:AGU) last posted its quarterly earnings results on Tuesday, November 5th. The company reported $0.50 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.58 by $0.08. The company had revenue of $2.87 billion for the quarter, compared to the consensus estimate of $2.84 billion. During the same quarter last year, the company posted $1.34 earnings per share. Agrium’s revenue was up 1.3% compared to the same quarter last year. Analysts expect that Agrium will post $7.56 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, January 16th. Shareholders of record on Tuesday, December 31st will be paid a dividend of 0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 3.32%. The ex-dividend date is Friday, December 27th.
Agrium Inc (NYSE:AGU), is a global producer and marketer of nutrients for agricultural and industrial markets.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.