Agrium Downgraded by Accountability Research to “Hold” (AGU)
Shares of Agrium (NYSE:AGU) traded up 0.27% on Tuesday, hitting $93.24. The stock had a trading volume of 171,236 shares. Agrium has a 52 week low of $81.60 and a 52 week high of $97.97. The stock’s 50-day moving average is $90.98 and its 200-day moving average is $92.00. The company has a market cap of $13.427 billion and a price-to-earnings ratio of 17.15.
Agrium (NYSE:AGU) last posted its quarterly 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 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. 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. 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 3.23%. The ex-dividend date is Friday, September 26th.
A number of other firms have also recently commented on AGU. Analysts at Susquehanna cut their price target on shares of Agrium from $112.00 to $103.00 in a research note on Monday, August 11th. Separately, analysts at CIBC cut their price target on shares of Agrium from $112.00 to $108.00 in a research note on Friday, August 8th. Finally, analysts at Canaccord Genuity cut their price target on shares of Agrium from $106.00 to $104.00 in a research note on Friday, August 8th. Nine analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $103.67.
Agrium Inc (NYSE:AGU) is a global producer and marketer of nutrients for agricultural and industrial markets.
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