Agrium Inc. (NYSE:AGU) (TSE:AGU) has been given an average recommendation of “Buy” by the seventeen analysts that are currently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have given a buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $114.19.
A number of equities analysts have weighed in on the stock. OTR Global raised shares of Agrium to a “neutral” rating in a research report on Tuesday, September 12th. Cowen increased their price target on shares of Agrium from $109.00 to $120.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 22nd. Stephens began coverage on shares of Agrium in a research report on Monday, December 4th. They set an “overweight” rating and a $131.00 price target on the stock. JPMorgan Chase & Co. reduced their price target on shares of Agrium from $100.00 to $95.00 and set a “neutral” rating on the stock in a research report on Friday, November 24th. Finally, BMO Capital Markets reaffirmed a “hold” rating and set a $100.00 price target on shares of Agrium in a research report on Friday, October 6th.
Several hedge funds have recently modified their holdings of the company. Verity Asset Management Inc. lifted its holdings in Agrium by 0.9% in the second quarter. Verity Asset Management Inc. now owns 5,630 shares of the basic materials company’s stock worth $509,000 after acquiring an additional 48 shares during the last quarter. Afam Capital Inc. lifted its holdings in Agrium by 0.7% in the second quarter. Afam Capital Inc. now owns 17,981 shares of the basic materials company’s stock worth $1,627,000 after acquiring an additional 119 shares during the last quarter. Edmond DE Rothschild Holding S.A. lifted its holdings in Agrium by 11.4% in the second quarter. Edmond DE Rothschild Holding S.A. now owns 1,715 shares of the basic materials company’s stock worth $155,000 after acquiring an additional 175 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in Agrium by 5.4% in the second quarter. PNC Financial Services Group Inc. now owns 7,279 shares of the basic materials company’s stock worth $659,000 after acquiring an additional 372 shares during the last quarter. Finally, Commerzbank Aktiengesellschaft FI lifted its holdings in Agrium by 3.1% in the second quarter. Commerzbank Aktiengesellschaft FI now owns 14,315 shares of the basic materials company’s stock worth $1,295,000 after acquiring an additional 428 shares during the last quarter. 66.94% of the stock is currently owned by institutional investors and hedge funds.
Agrium (NYSE:AGU) traded up $0.81 during trading hours on Monday, reaching $112.98. 151,500 shares of the company’s stock were exchanged, compared to its average volume of 407,114. The company has a current ratio of 1.29, a quick ratio of 0.78 and a debt-to-equity ratio of 0.70. The stock has a market cap of $15,710.00, a PE ratio of 28.97, a P/E/G ratio of 2.73 and a beta of 0.64. Agrium has a one year low of $87.82 and a one year high of $113.25.
Agrium (NYSE:AGU) (TSE:AGU) last posted its quarterly earnings data on Tuesday, November 7th. The basic materials company reported ($0.23) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.22). The firm had revenue of $2.38 billion during the quarter, compared to analysts’ expectations of $2.29 billion. Agrium had a net margin of 2.64% and a return on equity of 9.62%. The business’s quarterly revenue was up 8.7% on a year-over-year basis. During the same period in the previous year, the company earned ($0.12) earnings per share. analysts predict that Agrium will post 4.57 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, January 18th. Stockholders of record on Friday, December 29th will be given a dividend of $0.875 per share. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $3.50 annualized dividend and a dividend yield of 3.10%. Agrium’s payout ratio is 89.74%.
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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.