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Agrium (NYSE:AGU) was downgraded by equities research analysts at Canaccord Genuity to a “buy” rating in a research note issued to investors on Friday, AnalystRatings.NET reports. They currently have a $106.00 price target on the stock, down from their previous price target of $107.00. Canaccord Genuity’s price target indicates a potential upside of 21.70% from the stock’s previous close.

Agrium (NYSE:AGU) traded down 0.54% during mid-day trading on Friday, hitting $87.10. 898,999 shares of the company’s stock traded hands. Agrium has a 1-year low of $77.19 and a 1-year high of $114.92. The stock has a 50-day moving average of $90.83 and a 200-day moving average of $88.24. The company has a market cap of $12.586 billion and a price-to-earnings ratio of 9.91.

Agrium (NYSE:AGU) last issued its quarterly earnings data on Tuesday, November 5th. The company reported $0.50 EPS for the quarter, missing the Thomson Reuters 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 prior year, the company posted $1.34 earnings per share. The company’s quarterly revenue was up 1.3% on a year-over-year basis. Analysts expect that Agrium will post $7.49 EPS for the current fiscal year.

Other equities research analysts have also recently issued reports about the stock. Analysts at Barclays raised their price target on shares of Agrium from $100.00 to $106.00 in a research note to investors on Monday. They now have an “overweight” rating on the stock. 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 issued a hold rating and eleven have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $103.14.

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

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