Agrium Inc. (AGU) Given Average Rating of “Hold” by Brokerages
Shares of Agrium Inc. (NYSE:AGU) (TSE:AGU) have earned a consensus recommendation of “Hold” from the seventeen research firms that are covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and nine have issued a buy rating on the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $111.86.
AGU has been the subject of a number of recent research reports. HSBC Holdings plc initiated coverage on shares of Agrium in a research note on Wednesday. They set a “buy” rating and a $126.50 price objective for the company. Royal Bank Of Canada increased their price objective on shares of Agrium from $110.00 to $115.00 and gave the stock an “outperform” rating in a research note on Friday, September 15th. Zacks Investment Research downgraded shares of Agrium from a “hold” rating to a “sell” rating in a research note on Wednesday. TD Securities upgraded shares of Agrium from a “hold” rating to a “buy” rating and increased their price objective for the stock from $102.00 to $134.00 in a research note on Thursday, September 28th. Finally, AltaCorp Capital restated a “sector perform” rating on shares of Agrium in a research note on Thursday, June 22nd.
Shares of Agrium (NYSE:AGU) traded up 0.68% during mid-day trading on Wednesday, hitting $106.50. The company’s stock had a trading volume of 271,672 shares. Agrium has a 1-year low of $87.78 and a 1-year high of $111.88. The company has a 50-day moving average price of $103.05 and a 200-day moving average price of $96.57. The stock has a market cap of $14.72 billion, a PE ratio of 25.69 and a beta of 0.62.
The company also recently announced a quarterly dividend, which will be paid on Thursday, October 19th. Investors of record on Friday, September 29th will be paid a $0.875 dividend. The ex-dividend date is Thursday, September 28th. This represents a $3.50 annualized dividend and a yield of 3.29%. Agrium’s dividend payout ratio (DPR) is currently 84.34%.
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Large investors have recently modified their holdings of the stock. Tower Research Capital LLC TRC lifted its stake in Agrium by 138.8% in the 1st quarter. Tower Research Capital LLC TRC now owns 1,564 shares of the basic materials company’s stock valued at $150,000 after purchasing an additional 909 shares during the last quarter. Edmond DE Rothschild Holding S.A. lifted its stake in Agrium by 11.4% in the 2nd quarter. Edmond DE Rothschild Holding S.A. now owns 1,715 shares of the basic materials company’s stock valued at $155,000 after purchasing an additional 175 shares during the last quarter. V Wealth Management LLC acquired a new stake in Agrium in the 2nd quarter valued at about $156,000. Envestnet Asset Management Inc. lifted its stake in Agrium by 4.8% in the 1st quarter. Envestnet Asset Management Inc. now owns 2,247 shares of the basic materials company’s stock valued at $212,000 after purchasing an additional 103 shares during the last quarter. Finally, M&T Bank Corp acquired a new stake in Agrium in the 1st quarter valued at about $234,000. Institutional investors and hedge funds own 66.41% of the company’s stock.
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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