Agrium Given Sector Outperform Rating at Scotiabank (AGU)
Shares of Agrium (NYSE:AGU) traded up 0.33% on Tuesday, hitting $91.19. 541,432 shares of the company’s stock traded hands. Agrium has a 52 week low of $77.19 and a 52 week high of $97.97. The stock has a 50-day moving average of $92.64 and a 200-day moving average of $91.81. The company has a market cap of $13.131 billion and a P/E ratio of 14.45.
Agrium (NYSE:AGU) last released its earnings data on Tuesday, May 6th. The company reported $0.07 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.05 by $0.02. The company had revenue of $3.08 billion for the quarter, compared to the consensus estimate of $3.01 billion. During the same quarter in the prior year, the company posted $1.03 earnings per share. The company’s quarterly revenue was down 2.4% on a year-over-year basis. On average, analysts predict that Agrium will post $6.39 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, July 17th. Investors 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 3.29%. The ex-dividend date of this dividend is Thursday, June 26th.
Other equities research analysts have also recently issued reports about the stock. Analysts at Standpoint Research initiated coverage on shares of Agrium in a research note on Friday, May 30th. They set an “accumulate” rating and a $115.00 price target on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Agrium in a research note on Friday, May 23rd. They now have a $95.00 price target on the stock. Finally, analysts at Susquehanna cut their price target on shares of Agrium from $115.00 to $112.00 in a research note on Monday, May 12th. They now have a “positive” rating on the stock. Twelve investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $101.13.
Agrium Inc (NYSE:AGU) is a global producer and marketer of nutrients for agricultural and industrial markets.
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