Agrium’s Neutral Rating Reaffirmed at Zacks (AGU)
Agrium (NYSE:AGU)‘s stock had its “neutral” rating reissued by Zacks in a report issued on Wednesday. They currently have a $99.00 target price on the stock. Zacks‘s target price points to a potential upside of 4.92% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Accountability Research downgraded shares of Agrium from a “buy” rating to a “hold” rating in a research note on Tuesday, August 19th. Separately, 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. Finally, 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. Ten investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $103.31.
Shares of Agrium (NYSE:AGU) traded down 0.51% during mid-day trading on Wednesday, hitting $93.88. The stock had a trading volume of 169,382 shares. 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 $91.36 and a 200-day moving average of $92.30. The company has a market cap of $13.519 billion and a price-to-earnings ratio of 17.40.
Agrium (NYSE:AGU) last released its earnings data 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 $6.16 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, October 16th. Stockholders of record on Tuesday, September 30th will be given a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 3.18%. The ex-dividend date of this dividend 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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