Agrium PT Lowered to $108.00 (AGU)
CIBC lowered their target price on shares of Agrium (NYSE:AGU) from $112.00 to $108.00 in a research note issued on Friday. CIBC’s target price suggests a potential upside of 19.42% from the company’s current price.
Agrium (NYSE:AGU) opened at 90.44 on Friday. 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 $91.27 and a 200-day moving average of $91.94. The company has a market cap of $12.995 billion and a P/E ratio of 16.65.
Agrium (NYSE:AGU) last issued its quarterly earnings data on Wednesday, August 6th. The company reported $4.37 earnings per share (EPS) for the quarter, beating the 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 in the previous year, the company posted $4.94 earnings per share. The company’s revenue for the quarter was up 6.2% on a year-over-year basis. On average, analysts predict that Agrium will post $6.25 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, October 16th. Shareholders of record on Tuesday, September 30th will be paid a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 3.32%. The ex-dividend date is Friday, September 26th.
Several other analysts have also recently commented on the stock. Analysts at Canaccord Genuity cut their price target on shares of Agrium from $106.00 to $104.00 in a research note on Friday. Separately, analysts at Scotiabank reiterated a “sector outperform” rating on shares of Agrium in a research note on Tuesday, June 10th. Finally, 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. Eight equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Agrium has an average rating of “Hold” and a consensus price target of $104.42.
Agrium Inc (NYSE:AGU) is a global producer and marketer of nutrients for agricultural and industrial markets.
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