Other analysts also recently issued reports about the stock. TD Securities upped their price objective on shares of Agrium from $99.00 to $102.00 and gave the stock a hold rating in a report on Thursday, August 10th. Stifel Nicolaus reaffirmed a buy rating and set a $116.00 price objective (up from $107.00) on shares of Agrium in a report on Friday, August 11th. Cowen and Company set a $99.00 price objective on shares of Agrium and gave the stock a buy rating in a report on Friday, July 28th. Zacks Investment Research downgraded shares of Agrium from a hold rating to a sell rating in a report on Tuesday, July 4th. Finally, Royal Bank Of Canada set a $110.00 price objective on shares of Agrium and gave the stock a buy rating in a report on Thursday, August 3rd. One research analyst has rated the stock with a sell rating, eight have given a hold rating and eight have issued a buy rating to the stock. The company has an average rating of Hold and an average price target of $106.36.
Shares of Agrium (AGU) opened at 105.12 on Tuesday. Agrium has a 1-year low of $87.78 and a 1-year high of $111.88. The stock has a market cap of $14.53 billion, a P/E ratio of 25.36 and a beta of 0.62. The company’s 50-day moving average is $99.03 and its 200 day moving average is $95.19.
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The business also recently announced a quarterly dividend, which will be paid on Thursday, October 19th. Investors of record on Friday, September 29th will be paid a dividend of $0.875 per share. This represents a $3.50 annualized dividend and a yield of 3.33%. The ex-dividend date of this dividend is Thursday, September 28th. Agrium’s payout ratio is currently 84.34%.
Several hedge funds have recently made changes to their positions in AGU. Tower Research Capital LLC TRC raised 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 valued at $150,000 after buying an additional 909 shares in the last quarter. Edmond DE Rothschild Holding S.A. raised its stake in shares of 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 valued at $155,000 after buying an additional 175 shares in the last quarter. V Wealth Management LLC acquired a new position in shares of Agrium in the 2nd quarter valued at $156,000. Envestnet Asset Management Inc. raised its stake in shares of Agrium by 4.8% in the 1st quarter. Envestnet Asset Management Inc. now owns 2,247 shares of the basic materials company’s stock valued at $212,000 after buying an additional 103 shares in the last quarter. Finally, M&T Bank Corp acquired a new position in shares of Agrium in the 1st quarter valued at $234,000. Institutional investors own 66.42% 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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