Agrium Inc. (NYSE:AGU) (TSE:AGU) received a $110.00 price objective from analysts at Royal Bank Of Canada in a research note issued to investors on Friday. The firm presently has an “outperform” rating on the basic materials company’s stock. Royal Bank Of Canada’s target price would suggest a potential upside of 11.73% from the stock’s current price.

A number of other brokerages have also weighed in on AGU. Credit Suisse Group restated a “hold” rating and issued a $91.00 target price on shares of Agrium in a research note on Friday, April 21st. Vertical Research upgraded Agrium from a “hold” rating to a “buy” rating in a research note on Friday, May 19th. AltaCorp Capital restated a “sector perform” rating on shares of Agrium in a research note on Thursday, June 22nd. Scotiabank upgraded Agrium from a “sector perform” rating to an “outperform” rating and set a $110.00 target price on the stock in a research note on Monday, July 10th. Finally, Zacks Investment Research lowered Agrium from a “hold” rating to a “sell” rating in a research note on Tuesday, July 4th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and ten have given a buy rating to the company’s stock. Agrium presently has an average rating of “Hold” and a consensus target price of $103.71.

Shares of Agrium (AGU) opened at 98.45 on Friday. The stock’s 50 day moving average price is $92.11 and its 200 day moving average price is $97.03. Agrium has a 12-month low of $87.75 and a 12-month high of $111.88. The firm has a market capitalization of $13.60 billion, a price-to-earnings ratio of 23.46 and a beta of 0.60.

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Several hedge funds and other institutional investors have recently made changes to their positions in AGU. Cascade Investment Advisors Inc. raised its position in shares of Agrium by 0.5% in the second quarter. Cascade Investment Advisors Inc. now owns 18,185 shares of the basic materials company’s stock valued at $1,646,000 after buying an additional 85 shares in the last quarter. World Asset Management Inc raised its position in Agrium by 1.0% in the first quarter. World Asset Management Inc now owns 8,607 shares of the basic materials company’s stock worth $822,000 after buying an additional 86 shares during the period. Jarislowsky Fraser Ltd raised its position in Agrium by 3.2% in the first quarter. Jarislowsky Fraser Ltd now owns 3,000 shares of the basic materials company’s stock worth $285,000 after buying an additional 92 shares during the period. Comerica Bank raised its position in Agrium by 1.2% in the first quarter. Comerica Bank now owns 8,519 shares of the basic materials company’s stock worth $809,000 after buying an additional 103 shares during the period. Finally, Envestnet Asset Management Inc. raised its position in Agrium by 4.8% in the first quarter. Envestnet Asset Management Inc. now owns 2,247 shares of the basic materials company’s stock worth $212,000 after buying an additional 103 shares during the period. 69.14% of the stock is owned by hedge funds and other institutional investors.

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.

Analyst Recommendations for Agrium (NYSE:AGU)

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