Agrium Inc. (NYSE:AGU) (TSE:AGU)‘s stock had its “sector perform” rating reissued by equities research analysts at AltaCorp Capital in a research note issued on Thursday.

Several other equities analysts have also recently issued reports on the stock. Scotiabank reissued a “sector perform” rating and issued a $110.00 price objective on shares of Agrium in a research note on Tuesday, May 2nd. Citigroup Inc. dropped their price objective on shares of Agrium from $104.00 to $100.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 9th. BMO Capital Markets reissued a “hold” rating and issued a $100.00 price objective on shares of Agrium in a research note on Wednesday, April 5th. TD Securities set a $99.00 price objective on shares of Agrium and gave the company a “hold” rating in a research note on Wednesday, May 3rd. Finally, Credit Suisse Group reissued a “hold” rating and issued a $91.00 price objective on shares of Agrium in a research note on Friday, April 21st. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have assigned a buy rating to the company. Agrium presently has a consensus rating of “Hold” and an average target price of $103.92.

Analyst Recommendations for Agrium (NYSE:AGU)

Shares of Agrium (NYSE AGU) opened at 92.31 on Thursday. The stock has a 50 day moving average of $92.02 and a 200 day moving average of $97.60. The stock has a market capitalization of $12.76 billion, a P/E ratio of 22.00 and a beta of 0.67. Agrium has a 12-month low of $87.62 and a 12-month high of $111.88.

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 20th. Shareholders of record on Friday, June 30th will be given a dividend of $0.875 per share. The ex-dividend date is Wednesday, June 28th. This represents a $3.50 annualized dividend and a dividend yield of 3.79%. Agrium’s payout ratio is currently 83.14%.

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Several large investors have recently modified their holdings of the company. Advisor Group Inc. raised its stake in shares of Agrium by 10.4% in the third quarter. Advisor Group Inc. now owns 1,362 shares of the basic materials company’s stock valued at $124,000 after buying an additional 128 shares during the last quarter. Exane Derivatives bought a new stake in shares of Agrium during the second quarter valued at approximately $126,000. Huntington Asset Advisors Inc. bought a new stake in shares of Agrium during the first quarter valued at approximately $150,000. Tower Research Capital LLC TRC raised its stake in shares of Agrium by 138.8% in the first quarter. Tower Research Capital LLC TRC now owns 1,564 shares of the basic materials company’s stock valued at $150,000 after buying an additional 909 shares during the last quarter. Finally, Huntington National Bank raised its stake in shares of Agrium by 0.4% in the second quarter. Huntington National Bank now owns 1,773 shares of the basic materials company’s stock valued at $160,000 after buying an additional 7 shares during the last quarter. Institutional investors own 69.53% of the company’s stock.

About Agrium

Agrium Inc is a retailer of agricultural products and services in the United States, Canada, Australia, Argentina, Brazil, Chile and Uruguay and a multi-national producer and wholesale marketer of nutrients for agricultural and industrial markets. The Company’s segments include Retail and Wholesale. As of December 31, 2016, its Retail business unit marketed crop nutrients, crop protection products, seed, merchandise, application and other agronomic services through 1,500 retail locations in the United States, Canada, Australia, Argentina, Brazil, Chile and Uruguay.

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