Agrium Inc. (NYSE:AGU) (TSE:AGU) was upgraded by research analysts at OTR Global to a “neutral” rating in a note issued to investors on Tuesday.
Several other analysts have also commented on AGU. Stifel Nicolaus reaffirmed a “buy” rating and issued a $116.00 price objective (up previously from $107.00) on shares of Agrium in a research report on Friday, August 11th. TD Securities lifted their price objective on shares of Agrium from $99.00 to $102.00 and gave the stock a “hold” rating in a research report on Thursday, August 10th. Royal Bank Of Canada set a $110.00 price objective on shares of Agrium and gave the stock a “buy” rating in a research report on Thursday, August 3rd. Cowen and Company set a $99.00 price objective on shares of Agrium and gave the stock a “buy” rating in a research report on Friday, July 28th. Finally, Zacks Investment Research lowered shares of Agrium from a “hold” rating to a “sell” rating in a research report on Tuesday, July 4th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and nine have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $104.31.
Shares of Agrium (AGU) traded down 0.38% on Tuesday, reaching $102.16. 357,254 shares of the company were exchanged. The company’s 50 day moving average is $98.50 and its 200 day moving average is $94.96. Agrium has a 12-month low of $87.78 and a 12-month high of $111.88. The firm has a market capitalization of $14.12 billion, a PE ratio of 24.65 and a beta of 0.62.
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A number of large investors have recently modified their holdings of AGU. Tower Research Capital LLC TRC grew its stake in Agrium by 138.8% during the first quarter. Tower Research Capital LLC TRC now owns 1,564 shares of the basic materials company’s stock valued at $150,000 after acquiring an additional 909 shares in the last quarter. Edmond DE Rothschild Holding S.A. grew its stake in Agrium by 11.4% during the second quarter. Edmond DE Rothschild Holding S.A. now owns 1,715 shares of the basic materials company’s stock valued at $155,000 after acquiring an additional 175 shares in the last quarter. V Wealth Management LLC purchased a new position in Agrium during the second quarter valued at approximately $156,000. Envestnet Asset Management Inc. grew its stake in Agrium by 4.8% during the first quarter. Envestnet Asset Management Inc. now owns 2,247 shares of the basic materials company’s stock valued at $212,000 after acquiring an additional 103 shares in the last quarter. Finally, M&T Bank Corp purchased a new position in Agrium during the first quarter valued at approximately $234,000. 66.42% of the stock is owned by institutional investors.
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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