Agrium Inc. (AGU) Given Average Recommendation of “Hold” by Analysts
Shares of Agrium Inc. (NYSE:AGU) (TSE:AGU) have been given an average recommendation of “Hold” by the seventeen research firms that are presently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, eight have given a hold rating and eight have issued a buy rating on the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $106.36.
A number of research firms have issued reports on AGU. TD Securities lifted their target price on Agrium from $99.00 to $102.00 and gave the company a “hold” rating in a research report on Thursday, August 10th. OTR Global upgraded Agrium to a “neutral” rating in a research report on Tuesday, September 12th. Stifel Nicolaus reiterated a “buy” rating and issued a $116.00 target price (up previously from $107.00) on shares of Agrium in a research report on Friday, August 11th. Cowen and Company set a $99.00 price target on Agrium and gave the company a “buy” rating in a research note on Friday, July 28th. Finally, Zacks Investment Research lowered Agrium from a “hold” rating to a “sell” rating in a research note on Tuesday, July 4th.
Institutional investors have recently bought and sold shares of the stock. Tower Research Capital LLC TRC lifted its stake in shares of Agrium by 138.8% in the first quarter. Tower Research Capital LLC TRC now owns 1,564 shares of the basic materials company’s stock worth $150,000 after acquiring an additional 909 shares during the period. Edmond DE Rothschild Holding S.A. lifted its stake in shares of 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 period. V Wealth Management LLC acquired a new position in shares of Agrium in the second quarter worth approximately $156,000. Envestnet Asset Management Inc. lifted its stake in shares of 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 acquiring an additional 103 shares during the period. Finally, M&T Bank Corp acquired a new position in shares of Agrium in the first quarter worth approximately $234,000. 66.41% of the stock is currently owned by institutional investors.
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Shares of Agrium (AGU) traded up 0.40% during midday trading on Friday, hitting $107.42. 405,491 shares of the stock traded hands. The stock has a 50 day moving average of $99.51 and a 200 day moving average of $95.35. The company has a market capitalization of $14.84 billion, a P/E ratio of 25.92 and a beta of 0.62. Agrium has a 1-year low of $87.78 and a 1-year high of $111.88.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 19th. Investors of record on Friday, September 29th will be paid a $0.875 dividend. This represents a $3.50 dividend on an annualized basis and a dividend yield of 3.27%. The ex-dividend date of this dividend is Thursday, September 28th. Agrium’s dividend payout ratio is currently 84.34%.
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.
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