Agrium Inc. Declares Quarterly Dividend of $0.75 (AGU)
Agrium (NYSE:AGU) declared a quarterly dividend on Friday, August 8th, Analyst Ratings Network.com reports. Investors of record on Tuesday, September 30th will be given a dividend of 0.75 per share on Thursday, October 16th. This represents a $3.00 dividend on an annualized basis and a yield of 3.32%. The ex-dividend date of this dividend is Friday, September 26th.
Several analysts have recently commented on the stock. Analysts at CIBC cut their price target on shares of Agrium from $112.00 to $108.00 in a research note on Friday. On the ratings front, analysts at Canaccord Genuity cut their price target on shares of Agrium from $106.00 to $104.00 in a research note on Friday. Finally, analysts at Scotiabank reiterated a “sector outperform” rating on shares of Agrium in a research note on Tuesday, June 10th. Nine research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Agrium currently has a consensus rating of “Hold” and a consensus target price of $102.85.
Shares of Agrium (NYSE:AGU) traded up 0.01% on Friday, hitting $90.44. 1,222,623 shares of the company’s stock traded hands. Agrium has a one year low of $81.60 and a one year high of $97.97. The stock has a 50-day moving average of $91.36 and a 200-day moving average of $91.95. The company has a market cap of $12.995 billion and a P/E ratio of 16.65. Agrium also was the recipient of a significant increase in short interest during the month of 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. Currently, 1.9% of the shares of the stock are short sold. Based on an average trading volume of 613,188 shares, the short-interest ratio is currently 4.3 days.
Agrium (NYSE:AGU) last announced its earnings results on Wednesday, August 6th. The company reported $4.37 earnings per share for the quarter, beating the analysts’ consensus estimate of $4.12 by $0.25. The company had revenue of $7.34 billion for the quarter, compared to the consensus estimate of $7.17 billion. During the same quarter last year, the company posted $4.94 earnings per share. Agrium’s revenue was up 6.2% compared to the same quarter last year. On average, analysts predict that Agrium will post $6.25 earnings per share for the current fiscal year.
Agrium Inc (NYSE:AGU) is a global producer and marketer of nutrients for agricultural and industrial markets.
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