Today, Agrium Inc. (AGU) Stock Rating Reaffirm by Scotiabank

Today, Agrium Inc. (AGU) Stock Rating Reaffirm by Scotiabank

Agrium Inc. (NYSE:AGU) (TSE:AGU)‘s stock had its “outperform” rating reiterated by Scotiabank in a research report issued on Tuesday. They currently have a $100.00 target price on the stock. Scotiabank’s target price indicates a potential upside of 1.97% from the company’s current price.

Several other research analysts also recently issued reports on AGU. Sanford C. Bernstein reaffirmed a “buy” rating on shares of Agrium in a report on Wednesday, August 31st. Credit Suisse Group AG reaffirmed a “buy” rating and set a $91.00 price objective on shares of Agrium in a report on Thursday, September 1st. BMO Capital Markets reaffirmed a “buy” rating and set a $95.00 price objective on shares of Agrium in a report on Friday, August 5th. TD Securities reaffirmed a “hold” rating and set a $94.00 price objective on shares of Agrium in a report on Thursday, August 4th. Finally, Zacks Investment Research raised Agrium from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 13th. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $100.61.

Shares of Agrium (NYSE:AGU) traded up 0.39% during mid-day trading on Tuesday, hitting $98.07. The stock had a trading volume of 102,269 shares. The stock has a market capitalization of $13.55 billion, a price-to-earnings ratio of 18.68 and a beta of 0.93. Agrium has a 12-month low of $79.94 and a 12-month high of $101.06. The stock’s 50-day moving average price is $93.46 and its 200-day moving average price is $92.07.

Agrium (NYSE:AGU) last announced its earnings results on Thursday, November 3rd. The company reported ($0.12) EPS for the quarter, missing the consensus estimate of $0.11 by $0.23. The business earned $2.25 billion during 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 firm’s revenue was down 11.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.71 earnings per share. On average, equities analysts anticipate that Agrium will post $4.83 EPS for the current fiscal year.

Several institutional investors have recently bought and sold shares of the company. Burns J W & Co. Inc. NY increased its position in Agrium by 15.0% in the second quarter. Burns J W & Co. Inc. NY now owns 32,570 shares of the company’s stock worth $2,945,000 after buying an additional 4,256 shares in the last quarter. Capital Analysts LLC increased its position in Agrium by 4,094.2% in the second quarter. Capital Analysts LLC now owns 53,812 shares of the company’s stock worth $3,772,000 after buying an additional 52,529 shares in the last quarter. Gradient Investments LLC increased its position in Agrium by 17.8% in the second quarter. Gradient Investments LLC now owns 46,496 shares of the company’s stock worth $4,204,000 after buying an additional 7,038 shares in the last quarter. NN Investment Partners Holdings N.V. increased its position in Agrium by 3.8% in the second quarter. NN Investment Partners Holdings N.V. now owns 55,845 shares of the company’s stock worth $5,051,000 after buying an additional 2,066 shares in the last quarter. Finally, Raymond James Trust N.A. increased its position in Agrium by 1.4% in the second quarter. Raymond James Trust N.A. now owns 14,373 shares of the company’s stock worth $1,300,000 after buying an additional 203 shares in the last quarter. Institutional investors own 70.27% of the company’s stock.

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