Agrium’s (AGU) Hold Rating Reiterated at TD Securities
Agrium Inc. (TSE:AGU)‘s stock had its “hold” rating reiterated by stock analysts at TD Securities in a report issued on Wednesday. They presently have a C$94.00 price objective on the stock. TD Securities’ target price would indicate a potential downside of 21.60% from the company’s current price.
AGU has been the subject of a number of other reports. Royal Bank Of Canada restated an “outperform” rating on shares of Agrium in a research report on Thursday, June 9th. AltaCorp Capital upgraded Agrium from a “sector perform” rating to an “outperform” rating in a research report on Friday, August 5th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of C$108.25.
Shares of Agrium (TSE:AGU) traded up 0.08% during midday trading on Wednesday, hitting $119.90. 232,159 shares of the stock were exchanged. The firm’s 50-day moving average is $119.91 and its 200 day moving average is $117.33. The firm has a market cap of $16.57 billion and a PE ratio of 19.27. Agrium has a 52-week low of $104.70 and a 52-week high of $133.25.
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The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 20th. Stockholders of record on Friday, September 30th will be given a dividend of $0.875 per share. This represents a $3.50 dividend on an annualized basis and a dividend yield of 2.92%.
Agrium Inc is a producer and distributor of agricultural products and services. The Company categorizes its segments within the Retail and Wholesale business units. The Retail business unit distributes crop nutrients, crop protection products, seed, merchandise and services directly to growers through a network of farm centers in two geographical segments: North America, which includes the United States and Canada, and International, which includes Australia and South America.
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