Agrium Inc. (NYSE:AGU) (TSE:AGU)‘s stock had its “buy” rating reaffirmed by equities researchers at Stifel Nicolaus in a research report issued on Thursday. They currently have a $123.00 price target on the basic materials company’s stock. Stifel Nicolaus’ target price would suggest a potential upside of 13.98% from the company’s previous close.

A number of other research analysts have also weighed in on AGU. TD Securities lifted their target price on Agrium from $99.00 to $102.00 and gave the company a “hold” rating in a report on Thursday, August 10th. BMO Capital Markets reaffirmed a “hold” rating and set a $100.00 target price on shares of Agrium in a report on Friday, October 6th. Zacks Investment Research lowered Agrium from a “hold” rating to a “sell” rating in a report on Wednesday. HSBC Holdings plc assumed coverage on Agrium in a report on Wednesday. They set a “buy” rating and a $126.50 target price for the company. Finally, Royal Bank Of Canada set a $110.00 target price on Agrium and gave the company a “buy” rating in a report on Thursday, August 3rd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $112.50.

Agrium (NYSE AGU) traded up 1.70% during midday trading on Thursday, reaching $107.91. 365,346 shares of the company traded hands. The firm has a 50-day moving average price of $104.14 and a 200-day moving average price of $96.82. The firm has a market capitalization of $14.91 billion, a price-to-earnings ratio of 26.03 and a beta of 0.62. Agrium has a one year low of $87.82 and a one year high of $111.88.

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Large investors have recently added to or reduced their stakes in the stock. Point72 Asset Management L.P. bought a new stake in Agrium in the 1st quarter worth approximately $11,886,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its position in Agrium by 6.4% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 21,600 shares of the basic materials company’s stock worth $1,505,000 after buying an additional 1,300 shares during the last quarter. NorthCoast Asset Management LLC lifted its position in Agrium by 121.5% in the 2nd quarter. NorthCoast Asset Management LLC now owns 37,818 shares of the basic materials company’s stock worth $3,422,000 after buying an additional 20,745 shares during the last quarter. Cascade Investment Advisors Inc. lifted its position in Agrium by 0.5% in the 2nd quarter. Cascade Investment Advisors Inc. now owns 18,185 shares of the basic materials company’s stock worth $1,646,000 after buying an additional 85 shares during the last quarter. Finally, Aviva PLC lifted its position in Agrium by 1.1% in the 2nd quarter. Aviva PLC now owns 86,904 shares of the basic materials company’s stock worth $7,857,000 after buying an additional 960 shares during the last quarter. Institutional investors own 66.41% 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.

Analyst Recommendations for Agrium (NYSE:AGU)

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