Piper Jaffray Lowers Agrium Price Target to C$100.00 (AGU)
Equities research analysts at Piper Jaffray cut their price objective on shares of Agrium (TSE:AGU) from C$102.00 to C$100.00 in a research note issued to investors on Thursday, Analyst RN reports. The firm currently has a “neutral” rating on the stock. Piper Jaffray’s price objective indicates a potential downside of 2.95% from the company’s current price.
A number of other firms have also recently commented on AGU. Analysts at Scotiabank reiterated a “sector outperform” rating on shares of Agrium in a research note on Thursday, April 3rd. Separately, analysts at Morgan Stanley initiated coverage on shares of Agrium in a research note on Wednesday, March 19th. They set an “equal weight” rating on the stock. Finally, analysts at Cowen and Company upgraded shares of Agrium from an “underperform” rating to a “market perform” rating in a research note on Monday, March 17th. Eight equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of C$102.74.
Shares of Agrium (TSE:AGU) traded down 1.45% on Thursday, hitting $101.55. The stock had a trading volume of 183,889 shares. Agrium has a 1-year low of $83.46 and a 1-year high of $108.28. The stock’s 50-day moving average is $104.2 and its 200-day moving average is $99.03. The company has a market cap of $10.155 billion and a P/E ratio of 13.91.
Agrium (TSE:AGU) last released its earnings data on Thursday, February 20th. The company reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.86 by $0.20. During the same quarter in the previous year, the company posted $2.16 earnings per share. On average, analysts predict that Agrium will post $7.19 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, July 17th. Stockholders of record on Monday, June 30th will be given a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 2.91%.
Agrium Inc (TSE:AGU) is a global producer and marketer of nutrients for agricultural and industrial markets.
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