Agrium Inc. (NYSE:AGU) (TSE:AGU) has received an average recommendation of “Buy” from the sixteen analysts that are presently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and nine have given a buy recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is $113.71.
A number of research firms recently weighed in on AGU. JPMorgan Chase & Co. reduced their price objective on Agrium from $100.00 to $95.00 and set a “neutral” rating for the company in a research report on Friday, November 24th. Cowen lifted their target price on Agrium from $109.00 to $120.00 and gave the stock an “outperform” rating in a report on Wednesday, November 22nd. TD Securities raised Agrium from a “hold” rating to a “buy” rating and lifted their target price for the stock from $102.00 to $134.00 in a report on Thursday, September 28th. Royal Bank of Canada reissued a “buy” rating and issued a $115.00 target price on shares of Agrium in a report on Wednesday, October 18th. Finally, Stephens initiated coverage on Agrium in a report on Monday, December 4th. They issued an “overweight” rating and a $131.00 target price for the company.
Agrium (NYSE AGU) traded up $0.41 during mid-day trading on Friday, reaching $115.00. The company had a trading volume of 833,800 shares, compared to its average volume of 407,078. Agrium has a one year low of $87.82 and a one year high of $117.28. 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 company has a market cap of $15,890.00, a price-to-earnings ratio of 29.49, a PEG ratio of 2.18 and a beta of 0.64.
The firm also recently announced a quarterly dividend, which was paid on Thursday, January 18th. Shareholders of record on Friday, December 29th were issued a $0.875 dividend. This represents a $3.50 dividend on an annualized basis and a dividend yield of 3.04%. The ex-dividend date was Thursday, December 28th. Agrium’s payout ratio is 89.74%.
Several institutional investors have recently bought and sold shares of the business. Edmond DE Rothschild Holding S.A. boosted its stake in shares of 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 worth $155,000 after buying an additional 175 shares during the last quarter. Gilman Hill Asset Management LLC purchased a new position in shares of Agrium in the 3rd quarter worth $201,000. Capital Investment Counsel Inc purchased a new position in shares of Agrium in the 3rd quarter worth $201,000. River Road Asset Management LLC purchased a new position in shares of Agrium in the 3rd quarter worth $206,000. Finally, GW Henssler & Associates Ltd. purchased a new position in shares of Agrium in the 3rd quarter worth $214,000. 66.94% of the stock is owned by institutional investors and hedge funds.
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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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