Agrium Inc. (NYSE:AGU) (TSE:AGU) received a $110.00 price target from equities research analysts at Royal Bank Of Canada in a note issued to investors on Thursday. The firm presently has a “buy” rating on the basic materials company’s stock. Royal Bank Of Canada’s price target would suggest a potential upside of 8.96% from the stock’s current price.

A number of other equities research analysts have also recently commented on the stock. Cowen and Company set a $99.00 price objective on shares of Agrium and gave the stock a “buy” rating in a research note on Friday, July 28th. Stifel Nicolaus restated a “buy” rating and issued a $107.00 price objective (down previously from $114.00) on shares of Agrium in a report on Monday, July 10th. Scotiabank upgraded Agrium from a “sector perform” rating to an “outperform” rating and set a $110.00 price objective on the stock in a report on Monday, July 10th. Zacks Investment Research lowered Agrium from a “hold” rating to a “sell” rating in a report on Tuesday, July 4th. Finally, AltaCorp Capital restated a “sector perform” rating on shares of Agrium in a report on Thursday, June 22nd. Two analysts have rated the stock with a sell rating, eight have given a hold rating and ten have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $103.00.

Shares of Agrium (NYSE:AGU) traded up 0.15% during mid-day trading on Thursday, reaching $100.95. 539,671 shares of the company traded hands. Agrium has a 52 week low of $87.75 and a 52 week high of $111.88. The firm has a market capitalization of $13.95 billion, a price-to-earnings ratio of 24.06 and a beta of 0.62. The firm has a 50-day moving average price of $95.34 and a 200 day moving average price of $96.17.

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Institutional investors have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC increased its position in 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 worth $150,000 after buying an additional 909 shares during the period. V Wealth Management LLC bought a new stake in Agrium during the second quarter worth about $156,000. Envestnet Asset Management Inc. raised its stake in Agrium by 4.8% in the first quarter. Envestnet Asset Management Inc. now owns 2,247 shares of the basic materials company’s stock worth $212,000 after buying an additional 103 shares during the period. M&T Bank Corp bought a new stake in Agrium during the first quarter worth about $234,000. Finally, Creative Planning raised its stake in Agrium by 6.1% in the first quarter. Creative Planning now owns 2,746 shares of the basic materials company’s stock worth $262,000 after buying an additional 159 shares during the period. Hedge funds and other institutional investors own 69.26% of the company’s stock.

Agrium Company Profile

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.

Analyst Recommendations for Agrium (NYSE:AGU)

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