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Analysts at Barclays increased their target price on shares of Agrium (NYSE:AGU) from $100.00 to $106.00 in a research report issued to clients and investors on Monday, American Banking News reports. The firm currently has an “overweight” rating on the stock. Barclays’ price objective would suggest a potential upside of 18.85% from the company’s current price.

Agrium (NYSE:AGU) traded down 1.24% during mid-day trading on Monday, hitting $88.08. 307,667 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’s 50-day moving average is $91.16 and its 200-day moving average is $88.39. The company has a market cap of $12.728 billion and a P/E ratio of 10.09.

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 in the previous year, the company posted $1.34 earnings per share. The company’s revenue for the quarter was up 1.3% on a year-over-year basis. On average, analysts predict that Agrium will post $7.53 earnings per share for the current fiscal year.

A number of other firms have also recently commented on AGU. Analysts at Canaccord Genuity raised their price target on shares of Agrium from $103.00 to $107.00 in a research note to investors on Wednesday, January 15th. Separately, analysts at Bank of America Corp. downgraded shares of Agrium from a “buy” rating to a “neutral” rating in a research note to investors on Thursday, January 9th. They now have a $96.00 price target on the stock. They noted that the move was a valuation call. Finally, analysts at Piper Jaffray raised their price target on shares of Agrium from $94.00 to $102.00 in a research note to investors on Monday, January 6th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and ten have assigned a buy rating to the company. Agrium presently has an average rating of “Hold” and an average price target of $103.18.

Agrium Inc (NYSE:AGU), is a global producer and marketer of nutrients for agricultural and industrial markets.

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