Agrium Inc. (NYSE:AGU) Receives Average Recommendation of “Hold” from Brokerages
Agrium Inc. (NYSE:AGU) has earned an average recommendation of “Hold” from the twenty-six brokerages that are covering the company. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and eleven have given a buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $97.11.
AGU has been the topic of several research reports. TheStreet raised Agrium from a “hold” rating to a “buy” rating in a research report on Thursday, June 16th. BMO Capital Markets reaffirmed a “buy” rating and set a $95.00 price objective on shares of Agrium in a research report on Friday, August 5th. Credit Suisse Group AG reaffirmed a “buy” rating and set a $91.00 price objective on shares of Agrium in a research report on Thursday, September 1st. Sanford C. Bernstein reaffirmed a “buy” rating on shares of Agrium in a research report on Wednesday, August 31st. Finally, Zacks Investment Research raised Agrium from a “strong sell” rating to a “hold” rating in a research report on Tuesday, June 21st.
Shares of Agrium (NYSE:AGU) traded up 0.82% during mid-day trading on Monday, hitting $90.26. The stock had a trading volume of 175,977 shares. The firm has a market cap of $12.47 billion, a PE ratio of 14.51 and a beta of 1.17. Agrium has a 52-week low of $79.94 and a 52-week high of $100.24. The stock’s 50-day moving average price is $91.84 and its 200-day moving average price is $90.44.
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Agrium (NYSE:AGU) last posted its quarterly earnings data on Wednesday, August 3rd. The company reported $4.18 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $4.08 by $0.10. The business had revenue of $6.42 billion for the quarter, compared to analysts’ expectations of $6.67 billion. Agrium had a return on equity of 14.22% and a net margin of 6.18%. The business’s revenue was down 8.3% on a year-over-year basis. During the same period in the previous year, the firm posted $4.90 EPS. On average, analysts anticipate that Agrium will post $5.16 earnings per share for the current fiscal year.
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 paid a $0.875 dividend. The ex-dividend date is Wednesday, September 28th. This represents a $3.50 annualized dividend and a dividend yield of 3.91%. Agrium’s dividend payout ratio (DPR) is 55.73%.
Large investors have recently bought and sold shares of the company. Capital Research Global Investors raised its stake in Agrium by 4.0% in the second quarter. Capital Research Global Investors now owns 10,108,702 shares of the company’s stock valued at $914,102,000 after buying an additional 392,702 shares during the period. Caisse DE Depot ET Placement DU Quebec raised its stake in Agrium by 2.4% in the second quarter. Caisse DE Depot ET Placement DU Quebec now owns 4,643,201 shares of the company’s stock valued at $417,913,000 after buying an additional 110,001 shares during the period. Wellington Management Group LLP raised its stake in Agrium by 13.6% in the first quarter. Wellington Management Group LLP now owns 3,532,573 shares of the company’s stock valued at $311,936,000 after buying an additional 424,215 shares during the period. Bank of Montreal Can bought a new stake in Agrium during the second quarter valued at approximately $273,853,000. Finally, Vanguard Group Inc. raised its stake in Agrium by 11.0% in the second quarter. Vanguard Group Inc. now owns 2,774,380 shares of the company’s stock valued at $250,860,000 after buying an additional 274,556 shares during the period. Hedge funds and other institutional investors own 69.38% of the company’s stock.
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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