Agrium Inc. (AGU) Given Average Recommendation of “Buy” by Analysts

Agrium Inc. (NYSE:AGU) (TSE:AGU) has earned a consensus recommendation of “Buy” from the sixteen ratings firms that are presently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and nine have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $113.71.

A number of research analysts have recently commented on the stock. Stephens assumed coverage on shares of Agrium in a report on Monday, December 4th. They issued an “overweight” rating and a $131.00 price target on the stock. JPMorgan Chase & Co. cut their price target on shares of Agrium from $100.00 to $95.00 and set a “neutral” rating on the stock in a report on Friday, November 24th. Cowen upped their price target on shares of Agrium from $109.00 to $120.00 and gave the stock an “outperform” rating in a report on Wednesday, November 22nd. TD Securities restated a “buy” rating and issued a $134.00 price target on shares of Agrium in a report on Friday, November 10th. Finally, Royal Bank of Canada reaffirmed a “buy” rating and issued a $115.00 price objective on shares of Agrium in a research note on Wednesday, October 18th.

Agrium (NYSE AGU) traded up $0.41 during midday trading on Tuesday, hitting $115.00. 833,800 shares of the stock were exchanged, compared to its average volume of 407,078. 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 capitalization of $15,890.00, a PE ratio of 29.49, a PEG ratio of 2.18 and a beta of 0.64. Agrium has a 12-month low of $87.82 and a 12-month high of $117.28.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 18th. Investors of record on Friday, December 29th were paid a $0.875 dividend. This represents a $3.50 dividend on an annualized basis and a yield of 3.04%. The ex-dividend date was Thursday, December 28th. Agrium’s dividend payout ratio (DPR) is presently 89.74%.

A number of large investors have recently added to or reduced their stakes in AGU. Dimensional Fund Advisors LP lifted its stake in Agrium by 3.0% in the second quarter. Dimensional Fund Advisors LP now owns 217,269 shares of the basic materials company’s stock worth $19,661,000 after acquiring an additional 6,290 shares during the period. Voya Investment Management LLC lifted its position in shares of Agrium by 11.1% during the second quarter. Voya Investment Management LLC now owns 5,887 shares of the basic materials company’s stock valued at $533,000 after buying an additional 589 shares during the last quarter. HighTower Advisors LLC lifted its position in shares of Agrium by 31.4% during the second quarter. HighTower Advisors LLC now owns 3,926 shares of the basic materials company’s stock valued at $357,000 after buying an additional 938 shares during the last quarter. Janus Henderson Group PLC lifted its position in shares of Agrium by 69.0% during the second quarter. Janus Henderson Group PLC now owns 129,024 shares of the basic materials company’s stock valued at $11,673,000 after buying an additional 52,659 shares during the last quarter. Finally, Afam Capital Inc. lifted its position in shares of Agrium by 0.7% during the second quarter. Afam Capital Inc. now owns 17,981 shares of the basic materials company’s stock valued at $1,627,000 after buying an additional 119 shares during the last quarter. 66.94% of the stock is owned by institutional investors.

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About Agrium

Agrium Inc is a Canada-based global producer and distributor of agricultural products, services and solutions. The Company produces nitrogen, potash and phosphate fertilizers, with a combined wholesale nutrient capacity of approximately 11 million tones. Agrium Inc supplies main products and services directly to growers, including crop nutrients, crop protection, seed, as well as agronomic and application services.

Analyst Recommendations for Agrium (NYSE:AGU)

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