TD Securities Reaffirms Hold Rating for Agrium Inc. (AGU)
Agrium Inc. (TSE:AGU)‘s stock had its “hold” rating restated by equities research analysts at TD Securities in a research note issued to investors on Wednesday. They presently have a C$94.00 price target on the stock. TD Securities’ price objective suggests a potential downside of 21.54% from the company’s previous close.
A number of other equities research analysts also recently issued reports on the stock. AltaCorp Capital upgraded shares of Agrium from a “sector perform” rating to an “outperform” rating in a research report on Friday, August 5th. Royal Bank Of Canada restated an “outperform” rating on shares of Agrium in a research note on Wednesday, August 31st. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Agrium presently has a consensus rating of “Buy” and a consensus target price of C$108.25.
Shares of Agrium (TSE:AGU) traded up 0.09% during midday trading on Wednesday, hitting $119.92. 102,131 shares of the stock were exchanged. The stock’s 50 day moving average is $119.91 and its 200 day moving average is $117.33. Agrium has a 12-month low of $104.70 and a 12-month high of $133.25. The firm has a market cap of $16.57 billion and a P/E ratio of 19.27.
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The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 20th. Stockholders of record on Friday, September 30th will be paid a dividend of $0.875 per share. This represents a $3.50 annualized dividend 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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