Agrium Price Target Cut to $103.00 (AGU)
Investment analysts at Susquehanna lowered their price objective on shares of Agrium (NYSE:AGU) from $112.00 to $103.00 in a note issued to investors on Monday. Susquehanna’s price objective suggests a potential upside of 13.89% from the company’s current price.
A number of other firms have also recently commented on AGU. Analysts at CIBC cut their price target on shares of Agrium from $112.00 to $108.00 in a research note on Friday. Separately, 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. Eight research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Agrium currently has an average rating of “Hold” and a consensus price target of $103.67.
Agrium (NYSE:AGU) traded up 0.18% during mid-day trading on Monday, hitting $90.60. 484,354 shares of the company’s stock traded hands. Agrium has a 52-week low of $81.60 and a 52-week 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 $13.046 billion and a price-to-earnings ratio of 16.68.
Agrium (NYSE:AGU) last announced its earnings results 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 prior year, the company posted $4.94 earnings per share. The company’s quarterly revenue was up 6.2% on a year-over-year basis. Analysts expect that Agrium will post $6.16 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, October 16th. Investors 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.
Agrium Inc (NYSE:AGU) is a global producer and marketer of nutrients for agricultural and industrial markets.
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