Royal Bank Of Canada reissued their buy rating on shares of Agrium Inc. (NYSE:AGU) (TSE:AGU) in a research note issued to investors on Wednesday, October 18th. Royal Bank Of Canada currently has a $115.00 price target on the basic materials company’s stock.
Several other research firms have also issued reports on AGU. Scotiabank raised Agrium from a sector perform rating to an outperform rating and set a $110.00 price target for the company in a research note on Monday, July 10th. AltaCorp Capital restated a sector perform rating on shares of Agrium in a report on Thursday, June 22nd. OTR Global upgraded Agrium to a neutral rating in a report on Tuesday, September 12th. BMO Capital Markets restated a hold rating and set a $100.00 price target on shares of Agrium in a report on Friday, October 6th. Finally, Zacks Investment Research downgraded Agrium from a hold rating to a sell rating in a report on Tuesday, July 4th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and nine have assigned a buy rating to the company. The company presently has an average rating of Buy and an average target price of $113.41.
Agrium (NYSE AGU) traded down $0.26 during trading hours on Wednesday, reaching $107.83. The company’s stock had a trading volume of 105,660 shares, compared to its average volume of 249,813. The company has a quick ratio of 0.81, a current ratio of 1.34 and a debt-to-equity ratio of 0.67. Agrium has a twelve month low of $87.82 and a twelve month high of $111.88. The stock has a market capitalization of $14,900.00, a P/E ratio of 24.51, a P/E/G ratio of 2.46 and a beta of 0.65.
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The company also recently declared a quarterly dividend, which was paid on Thursday, October 19th. Stockholders of record on Friday, September 29th were issued a dividend of $0.875 per share. The ex-dividend date was Thursday, September 28th. This represents a $3.50 annualized dividend and a dividend yield of 3.25%. Agrium’s payout ratio is 84.34%.
Large investors have recently bought and sold shares of the company. Tower Research Capital LLC TRC increased its stake in shares of Agrium by 138.8% in the 1st quarter. Tower Research Capital LLC TRC now owns 1,564 shares of the basic materials company’s stock worth $150,000 after purchasing an additional 909 shares in the last quarter. Edmond DE Rothschild Holding S.A. increased its stake in Agrium by 11.4% in the 2nd quarter. Edmond DE Rothschild Holding S.A. now owns 1,715 shares of the basic materials company’s stock worth $155,000 after buying an additional 175 shares in the last quarter. V Wealth Management LLC purchased a new stake in Agrium in the 2nd quarter worth $156,000. Gilman Hill Asset Management LLC purchased a new stake in Agrium in the 3rd quarter worth $201,000. Finally, River Road Asset Management LLC purchased a new stake in Agrium in the 3rd quarter worth $206,000. Hedge funds and other institutional investors own 65.85% of the company’s stock.
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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