Agrium Inc. (NYSE:AGU) (TSE:AGU)‘s stock had its “hold” rating reaffirmed by BMO Capital Markets in a note issued to investors on Friday, October 6th. They presently have a $100.00 price objective on the basic materials company’s stock. BMO Capital Markets’ price objective would indicate a potential downside of 7.18% from the company’s current price.
AGU has been the subject of a number of other reports. OTR Global raised shares of Agrium to a “neutral” rating in a research note on Tuesday, September 12th. Royal Bank Of Canada set a $110.00 target price on shares of Agrium and gave the stock a “buy” rating in a report on Thursday, August 3rd. Cowen and Company set a $99.00 price target on shares of Agrium and gave the company a “buy” rating in a report on Friday, July 28th. Stifel Nicolaus reaffirmed a “buy” rating and set a $116.00 price objective (up from $107.00) on shares of Agrium in a research report on Friday, August 11th. Finally, TD Securities boosted their price objective on shares of Agrium from $99.00 to $102.00 and gave the company a “hold” rating in a research report on Thursday, August 10th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $112.50.
Agrium (AGU) opened at 107.73 on Friday. The firm’s 50-day moving average price is $104.88 and its 200 day moving average price is $97.08. The firm has a market cap of $14.89 billion, a P/E ratio of 25.99 and a beta of 0.62. Agrium has a 52 week low of $87.82 and a 52 week high of $111.88.
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Large investors have recently made changes to their positions in the stock. Point72 Asset Management L.P. acquired a new stake in shares of Agrium in the 1st quarter valued at approximately $11,886,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its position in shares of Agrium by 6.4% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 21,600 shares of the basic materials company’s stock valued at $1,505,000 after acquiring an additional 1,300 shares during the period. NorthCoast Asset Management LLC raised its position in shares of Agrium by 121.5% in the 2nd quarter. NorthCoast Asset Management LLC now owns 37,818 shares of the basic materials company’s stock valued at $3,422,000 after acquiring an additional 20,745 shares during the period. Cascade Investment Advisors Inc. raised its holdings in Agrium by 0.5% during the 2nd quarter. Cascade Investment Advisors Inc. now owns 18,185 shares of the basic materials company’s stock worth $1,646,000 after buying an additional 85 shares during the period. Finally, Aviva PLC raised its holdings in Agrium by 1.1% during the 2nd quarter. Aviva PLC now owns 86,904 shares of the basic materials company’s stock worth $7,857,000 after buying an additional 960 shares during the period. Institutional investors and hedge funds own 66.31% of the company’s stock.
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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