Agrium (AGU) Research Coverage Started at Stephens

Research analysts at Stephens initiated coverage on shares of Agrium (NYSE:AGU) (TSE:AGU) in a research note issued to investors on Monday. The brokerage set an “overweight” rating and a $131.00 price target on the basic materials company’s stock. Stephens’ price target indicates a potential upside of 22.79% from the stock’s current price.

Other equities analysts also recently issued research reports about the company. TD Securities boosted their target price on Agrium from $99.00 to $102.00 and gave the stock a “hold” rating in a research note on Thursday, August 10th. J P Morgan Chase & Co cut their target price on Agrium from $100.00 to $95.00 and set a “neutral” rating on the stock in a research note on Friday, November 24th. OTR Global upgraded Agrium to a “neutral” rating in a research note on Tuesday, September 12th. Stifel Nicolaus restated a “buy” rating and issued a $116.00 target price (up previously from $107.00) on shares of Agrium in a research note on Friday, August 11th. Finally, Royal Bank Of Canada restated a “buy” rating and issued a $115.00 target price on shares of Agrium in a research note on Wednesday, October 18th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and ten have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $114.19.

Shares of Agrium (AGU) traded down $3.23 on Monday, reaching $106.69. The company’s stock had a trading volume of 467,900 shares, compared to its average volume of 411,153. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.29 and a quick ratio of 0.78. The company has a market cap of $15,187.02, a price-to-earnings ratio of 25.39, a P/E/G ratio of 2.67 and a beta of 0.64. Agrium has a 1 year low of $87.82 and a 1 year high of $111.88.

Agrium (NYSE:AGU) (TSE:AGU) last issued its quarterly earnings data on Tuesday, November 7th. The basic materials company reported ($0.23) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.22). Agrium had a return on equity of 9.62% and a net margin of 2.64%. The company had revenue of $2.38 billion for the quarter, compared to the consensus estimate of $2.29 billion. During the same period in the prior year, the firm posted ($0.12) earnings per share. The business’s revenue for the quarter was up 8.7% on a year-over-year basis. analysts expect that Agrium will post 4.57 earnings per share for the current year.

Institutional investors have recently bought and sold shares of the stock. Parsec Financial Management Inc. lifted its position in shares of Agrium by 0.6% during the third quarter. Parsec Financial Management Inc. now owns 140,851 shares of the basic materials company’s stock worth $15,101,000 after acquiring an additional 886 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its position in shares of Agrium by 6.4% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 21,600 shares of the basic materials company’s stock worth $1,505,000 after acquiring an additional 1,300 shares in the last quarter. Honeywell International Inc. lifted its position in shares of Agrium by 50.7% during the third quarter. Honeywell International Inc. now owns 193,600 shares of the basic materials company’s stock worth $20,756,000 after acquiring an additional 65,100 shares in the last quarter. NorthCoast Asset Management LLC lifted its position in shares of Agrium by 121.5% during the second quarter. NorthCoast Asset Management LLC now owns 37,818 shares of the basic materials company’s stock worth $3,422,000 after acquiring an additional 20,745 shares in the last quarter. Finally, Aviva PLC lifted its position in shares of Agrium by 1.1% during the second quarter. Aviva PLC now owns 86,904 shares of the basic materials company’s stock worth $7,857,000 after acquiring an additional 960 shares in the last quarter. Institutional investors and hedge funds own 66.98% of the company’s stock.

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About Agrium

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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