Agrium Sees Large Growth in Short Interest (AGU)
Agrium (NYSE:AGU) saw a significant increase in short interest in July. As of July 15th, there was short interest totalling 2,652,550 shares, an increase of 98.9% from the June 30th total of 1,333,933 shares, AnalystRatings.Net reports. Currently, 1.9% of the shares of the company are sold short. Based on an average trading volume of 613,188 shares, the short-interest ratio is currently 4.3 days.
Several analysts have recently commented on the stock. Analysts at Scotiabank reiterated a “sector outperform” rating on shares of Agrium in a research note on Tuesday, June 10th. Separately, 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. Finally, 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. Eleven equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $101.79.
Shares of Agrium (NYSE:AGU) opened at 91.58 on Tuesday. Agrium has a 52-week low of $80.35 and a 52-week high of $97.97. The stock’s 50-day moving average is $91.40 and its 200-day moving average is $91.98. The company has a market cap of $13.188 billion and a price-to-earnings ratio of 14.39.
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.