RBC Capital Markets Reaffirms “Outperform” Rating for Agrium Inc. (AGU)

Agrium Inc. (NYSE:AGU) (TSE:AGU)‘s stock had its “outperform” rating reaffirmed by equities researchers at RBC Capital Markets in a research report issued on Monday. They currently have a $110.00 price target on the stock, up from their prior price target of $105.00. RBC Capital Markets’ price objective points to a potential upside of 3.86% from the company’s current price.

Other equities analysts have also recently issued research reports about the stock. Credit Suisse Group set a $100.00 target price on shares of Agrium and gave the stock a “hold” rating in a report on Saturday. Royal Bank Of Canada raised their target price on shares of Agrium from $105.00 to $110.00 and gave the stock an “outperform” rating in a report on Monday. Scotiabank cut shares of Agrium from an “outperform” rating to a “sector perform” rating in a report on Monday. Zacks Investment Research raised shares of Agrium from a “sell” rating to a “hold” rating in a report on Wednesday, January 11th. Finally, Atlantic Securities raised shares of Agrium from a “neutral” rating to an “overweight” rating and set a $120.00 target price on the stock in a report on Tuesday, January 10th. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eight have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $99.50.

Analyst Recommendations for Agrium (NYSE:AGU)

Agrium (NYSE:AGU) traded up 0.08% on Monday, reaching $106.00. The company had a trading volume of 77,359 shares. Agrium has a 52-week low of $80.45 and a 52-week high of $111.88. The firm has a market capitalization of $14.63 billion, a price-to-earnings ratio of 24.71 and a beta of 0.83. The stock’s 50-day moving average price is $103.80 and its 200 day moving average price is $96.55.

Agrium (NYSE:AGU) last issued its quarterly earnings results on Thursday, February 9th. The company reported $0.68 EPS for the quarter, topping the consensus estimate of $0.67 by $0.01. Agrium had a net margin of 4.34% and a return on equity of 9.79%. The business had revenue of $2.28 billion for the quarter, compared to analysts’ expectations of $2.19 billion. During the same quarter last year, the company posted $1.52 earnings per share. The company’s quarterly revenue was down 5.3% compared to the same quarter last year. On average, equities analysts anticipate that Agrium will post $5.43 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 19th. Investors of record on Friday, December 30th were paid a $0.875 dividend. This represents a $3.50 dividend on an annualized basis and a yield of 3.30%. The ex-dividend date of this dividend was Wednesday, December 28th. Agrium’s dividend payout ratio is 81.21%.

“RBC Capital Markets Reaffirms “Outperform” Rating for Agrium Inc. (AGU)” was originally posted by sleekmoney and is the sole property of of sleekmoney. If you are reading this report on another website, it was illegally stolen and republished in violation of international trademark and copyright legislation. The correct version of this report can be viewed at http://sleekmoney.com/agrium-inc-agu-receives-buy-rating-from-rbc-capital-markets/1658249.html.

A number of institutional investors have recently bought and sold shares of the company. Wellesley Investment Partners LLC raised its stake in shares of Agrium by 5.1% in the second quarter. Wellesley Investment Partners LLC now owns 8,536 shares of the company’s stock worth $771,000 after buying an additional 414 shares during the period. Neuberger Berman Group LLC raised its stake in shares of Agrium by 3,483.3% in the second quarter. Neuberger Berman Group LLC now owns 187,443 shares of the company’s stock worth $16,949,000 after buying an additional 182,212 shares during the period. I.G. Investment Management LTD. raised its stake in shares of Agrium by 6.8% in the second quarter. I.G. Investment Management LTD. now owns 1,120,258 shares of the company’s stock worth $101,294,000 after buying an additional 70,977 shares during the period. 10 15 Associates Inc. raised its stake in shares of Agrium by 17.0% in the second quarter. 10 15 Associates Inc. now owns 105,097 shares of the company’s stock worth $9,503,000 after buying an additional 15,290 shares during the period. Finally, Cidel Asset Management Inc. raised its stake in shares of Agrium by 1.7% in the second quarter. Cidel Asset Management Inc. now owns 410,915 shares of the company’s stock worth $36,922,000 after buying an additional 6,797 shares during the period. 70.13% of the stock is owned by hedge funds and other institutional investors.

About Agrium

Agrium Inc is a producer and distributor of agricultural products and services. The Company categorizes its segments within the Retail and Wholesale business units. The Retail business unit distributes crop nutrients, crop protection products, seed, merchandise and services directly to growers through a network of farm centers in two geographical segments: North America, which includes the United States and Canada, and International, which includes Australia and South America.

5 Day Chart for NYSE:AGU

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