Agrium Inc. (NYSE:AGU) (TSE:AGU) has earned an average recommendation of “Buy” from the sixteen analysts that are presently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have issued a buy rating on the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $113.71.

Several equities analysts recently commented on AGU shares. Cowen reaffirmed a “buy” rating and issued a $109.00 price objective on shares of Agrium in a research report on Sunday, November 5th. Stephens started 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. TD Securities reiterated a “buy” rating and issued a $134.00 price target on shares of Agrium in a report on Friday, November 10th. Royal Bank of Canada reiterated a “buy” rating and issued a $115.00 price target on shares of Agrium in a report on Wednesday, October 18th. Finally, 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.

Shares of Agrium (NYSE AGU) traded up $0.41 during trading on Tuesday, hitting $115.00. 833,800 shares of the company traded hands, compared to its average volume of 407,078. The stock has a market cap of $15,890.00, a price-to-earnings ratio of 29.49, a P/E/G ratio of 2.18 and a beta of 0.64. The company has a quick ratio of 0.78, a current ratio of 1.29 and a debt-to-equity ratio of 0.70. Agrium has a 52-week low of $87.82 and a 52-week high of $117.28.

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

Large investors have recently modified their holdings of the stock. Afam Capital Inc. grew its stake in shares of Agrium by 0.7% during the 2nd quarter. Afam Capital Inc. now owns 17,981 shares of the basic materials company’s stock worth $1,627,000 after purchasing an additional 119 shares during the period. Creative Planning grew its stake in shares of Agrium by 16.4% during the 4th quarter. Creative Planning now owns 3,108 shares of the basic materials company’s stock worth $357,000 after purchasing an additional 437 shares during the period. DORCHESTER WEALTH MANAGEMENT Co grew its stake in shares of Agrium by 8.3% during the 4th quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 6,500 shares of the basic materials company’s stock worth $749,000 after purchasing an additional 500 shares during the period. Voya Investment Management LLC grew its stake in shares of Agrium by 11.1% during the 2nd quarter. Voya Investment Management LLC now owns 5,887 shares of the basic materials company’s stock worth $533,000 after purchasing an additional 589 shares during the period. Finally, Envestnet Asset Management Inc. grew its stake in shares of Agrium by 32.8% during the 3rd quarter. Envestnet Asset Management Inc. now owns 2,991 shares of the basic materials company’s stock worth $320,000 after purchasing an additional 739 shares during the period. Institutional investors own 66.94% of the company’s stock.

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Agrium Company Profile

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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