RBC Capital Markets reissued their outperform rating on shares of Agrium Inc. (NYSE:AGU) in a research report sent to investors on Wednesday. RBC Capital Markets currently has a $139.00 price objective on the stock, up from their prior price objective of $125.00.
A number of other analysts have also recently commented on AGU. Citigroup Inc. upped their price target on shares of Agrium from $91.00 to $93.00 and gave the company a neutral rating in a research note on Monday, August 8th. Zacks Investment Research raised shares of Agrium from a strong sell rating to a hold rating in a report on Tuesday, September 13th. Credit Suisse Group AG reaffirmed a buy rating and set a $91.00 target price on shares of Agrium in a report on Thursday, September 1st. TheStreet raised shares of Agrium from a hold rating to a buy rating in a report on Thursday, June 16th. Finally, Morgan Stanley reaffirmed a hold rating on shares of Agrium in a report on Thursday, June 16th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and eleven have given a buy rating to the company. The stock has a consensus rating of Hold and a consensus price target of $100.78.
Shares of Agrium (NYSE:AGU) opened at 89.49 on Wednesday. The company has a 50-day moving average of $91.58 and a 200 day moving average of $90.41. The firm has a market capitalization of $12.37 billion, a P/E ratio of 14.38 and a beta of 1.17. Agrium has a 52 week low of $79.94 and a 52 week high of $100.24.
Agrium (NYSE:AGU) last announced its quarterly earnings results on Wednesday, August 3rd. The company reported $4.18 EPS for the quarter, beating the Zacks’ consensus estimate of $4.08 by $0.10. The company had revenue of $6.42 billion for the quarter, compared to analysts’ expectations of $6.67 billion. Agrium had a net margin of 6.18% and a return on equity of 14.22%. Agrium’s revenue was down 8.3% compared to the same quarter last year. During the same period in the prior year, the company posted $4.90 EPS. Equities research analysts anticipate that Agrium will post $5.16 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, October 20th. Stockholders of record on Friday, September 30th will be given a $0.875 dividend. The ex-dividend date of this dividend is Wednesday, September 28th. This represents a $3.50 annualized dividend and a dividend yield of 3.91%. Agrium’s dividend payout ratio is 55.73%.
Several large investors have recently bought and sold shares of AGU. Huntington National Bank boosted its stake in Agrium by 0.4% in the second quarter. Huntington National Bank now owns 1,773 shares of the company’s stock valued at $160,000 after buying an additional 7 shares in the last quarter. Regentatlantic Capital LLC boosted its stake in Agrium by 0.3% in the second quarter. Regentatlantic Capital LLC now owns 5,702 shares of the company’s stock valued at $516,000 after buying an additional 15 shares in the last quarter. Hudson Canyon Investment Counselors LLC boosted its stake in Agrium by 0.3% in the second quarter. Hudson Canyon Investment Counselors LLC now owns 9,214 shares of the company’s stock valued at $833,000 after buying an additional 25 shares in the last quarter. Raymond James Trust N.A. boosted its stake in Agrium by 0.4% in the third quarter. Raymond James Trust N.A. now owns 14,430 shares of the company’s stock valued at $1,309,000 after buying an additional 57 shares in the last quarter. Finally, 1st Global Advisors Inc. boosted its stake in Agrium by 4.0% in the second quarter. 1st Global Advisors Inc. now owns 2,691 shares of the company’s stock valued at $243,000 after buying an additional 103 shares in the last quarter. 69.07% of the stock is owned by hedge funds and other institutional investors.
Agrium Company Profile