Agrium Earns “BBB” Credit Rating from Morningstar (AGU)
Agrium (NYSE:AGU) has received a “BBB” credit rating from analysts at Morningstar. The credit rating agency’s “BBB” rating suggests that the company is a moderate default risk. They also issued a neutral credit outlook for the company and gave their stock a three star rating.
Several other analysts have also recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Agrium in a research note on Wednesday, August 27th. They now have a $99.00 price target on the stock. Separately, analysts at Accountability Research downgraded shares of Agrium from a “buy” rating to a “hold” rating in a research note on Tuesday, August 19th. Finally, 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. Ten research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $103.31.
Shares of Agrium (NYSE:AGU) traded down 0.24% on Monday, hitting $94.63. The stock had a trading volume of 692,657 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 $91.83 and its 200-day moving average is $92.42. The company has a market cap of $13.627 billion and a price-to-earnings ratio of 17.49.
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 $6.15 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, October 16th. Investors 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 3.17%. 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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