Shares of Agrium Inc. (NYSE:AGU) (TSE:AGU) have been assigned an average rating of “Buy” from the sixteen research firms that are presently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, six have given a hold rating and nine have issued a buy rating on the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $113.71.
A number of equities research analysts have commented on AGU shares. started coverage on Agrium in a report on Wednesday, October 11th. They set a “buy” rating and a $126.50 price target on the stock. TD Securities raised Agrium from a “hold” rating to a “buy” rating and raised their price target for the company from $102.00 to $134.00 in a report on Thursday, September 28th. Zacks Investment Research cut Agrium from a “hold” rating to a “sell” rating in a report on Wednesday, October 11th. Stifel Nicolaus reissued a “buy” rating and set a $123.00 price target on shares of Agrium in a report on Thursday, October 12th. Finally, BMO Capital Markets reissued a “hold” rating and set a $100.00 price target on shares of Agrium in a report on Friday, October 6th.
Several hedge funds have recently modified their holdings of the company. DORCHESTER WEALTH MANAGEMENT Co increased its holdings in shares of Agrium by 8.3% in the fourth quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 6,500 shares of the basic materials company’s stock worth $749,000 after purchasing an additional 500 shares during the last quarter. Somerset Trust Co increased its holdings in shares of Agrium by 30.9% in the fourth quarter. Somerset Trust Co now owns 14,721 shares of the basic materials company’s stock worth $1,693,000 after purchasing an additional 3,473 shares during the last quarter. Creative Planning increased its holdings in shares of Agrium by 16.4% in the fourth quarter. Creative Planning now owns 3,108 shares of the basic materials company’s stock worth $357,000 after purchasing an additional 437 shares during the last quarter. Addenda Capital Inc. increased its holdings in shares of Agrium by 10.9% in the fourth quarter. Addenda Capital Inc. now owns 45,233 shares of the basic materials company’s stock worth $5,260,000 after purchasing an additional 4,430 shares during the last quarter. Finally, CGOV Asset Management increased its holdings in shares of Agrium by 1.3% in the fourth quarter. CGOV Asset Management now owns 1,440,141 shares of the basic materials company’s stock worth $208,216,000 after purchasing an additional 18,682 shares during the last quarter. 66.94% of the stock is currently owned by hedge funds and other institutional investors.
Agrium (NYSE:AGU) (TSE:AGU) last released its earnings results on Tuesday, November 7th. The basic materials company reported ($0.23) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.01) by ($0.22). The company had revenue of $2.38 billion for the quarter, compared to analysts’ expectations of $2.29 billion. Agrium had a net margin of 2.64% and a return on equity of 9.62%. Agrium’s revenue for the quarter was up 8.7% on a year-over-year basis. During the same quarter last year, the firm posted ($0.12) earnings per share. sell-side analysts anticipate that Agrium will post 4.57 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, January 18th. Shareholders of record on Friday, December 29th were issued a dividend of $0.875 per share. The ex-dividend date was Thursday, December 28th. This represents a $3.50 dividend on an annualized basis and a yield of 3.04%. Agrium’s dividend payout ratio is presently 89.74%.
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Agrium Company Profile
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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