Trade Report: Today, RBC Capital Markets Reaffirms “Outperform” Rating for Agrium Inc. (AGU)

Today, RBC Capital Markets Reaffirms “Outperform” Rating for Agrium Inc. (AGU)

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

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