Today, Standpoint Research lowers the Stock rating of Agrium Inc. (AGU)

Today, Standpoint Research lowers the Stock rating of Agrium Inc. (AGU)

Standpoint Research downgraded shares of Agrium Inc. (NYSE:AGU) (TSE:AGU) from a buy rating to a hold rating in a report released on Monday.

Several other analysts also recently commented on AGU. TD Securities reaffirmed a hold rating and set a $94.00 price objective on shares of Agrium in a research note on Thursday, August 4th. raised Agrium from a sell rating to an underperform rating in a research note on Friday, August 5th. BMO Capital Markets reissued a buy rating and issued a $95.00 price target on shares of Agrium in a research note on Friday, August 5th. AltaCorp Capital raised Agrium from a sector perform rating to an outperform rating in a research note on Friday, August 5th. Finally, Citigroup Inc. lifted their price target on Agrium from $91.00 to $93.00 and gave the company a neutral rating in a research note on Monday, August 8th. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and eight have given a buy rating to the stock. Agrium presently has an average rating of Hold and a consensus price target of $100.61.

Agrium (NYSE:AGU) opened at 97.69 on Monday. Agrium has a 52-week low of $79.94 and a 52-week high of $101.06. The company’s 50 day moving average price is $93.14 and its 200 day moving average price is $91.97. The firm has a market cap of $13.50 billion, a PE ratio of 18.60 and a beta of 0.93.

Agrium (NYSE:AGU) last issued its quarterly earnings data on Thursday, November 3rd. The company reported ($0.12) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by $0.23. The business had revenue of $2.25 billion for the quarter, compared to analyst estimates of $2.40 billion. Agrium had a return on equity of 11.96% and a net margin of 5.27%. The business’s quarterly revenue was down 11.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.71 EPS. Analysts predict that Agrium will post $4.83 earnings per share for the current fiscal year.

Several large investors have recently added to or reduced their stakes in the stock. LPL Financial LLC increased its stake in Agrium by 6.7% in the third quarter. LPL Financial LLC now owns 6,339 shares of the company’s stock worth $563,000 after buying an additional 400 shares during the last quarter. Candriam Luxembourg S.C.A. increased its stake in Agrium by 2.1% in the third quarter. Candriam Luxembourg S.C.A. now owns 9,166 shares of the company’s stock worth $829,000 after buying an additional 185 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec increased its stake in Agrium by 3.4% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 4,798,853 shares of the company’s stock worth $433,969,000 after buying an additional 155,652 shares during the last quarter. Dean Investment Associates LLC increased its stake in Agrium by 5.4% in the third quarter. Dean Investment Associates LLC now owns 52,749 shares of the company’s stock worth $4,784,000 after buying an additional 2,714 shares during the last quarter. Finally, Bell State Bank & Trust acquired a new stake in Agrium during the third quarter worth $907,000. Institutional investors own 70.27% of the company’s stock.

Agrium Company Profile

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