Agrium (NYSE: AGU) posted its quarterly earnings results on Thursday. The company reported $2.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.03 by $0.31. The company had revenue of $3.26 billion for the quarter, compared to the consensus estimate of $3.19 billion. During the same quarter last year, the company posted $2.04 earnings per share. Agrium’s revenue was up 2.6% compared to the same quarter last year.
AGU has been the subject of a number of recent research reports. Analysts at Scotiabank reiterated a “sector perform” rating on shares of Agrium in a research note to investors on Tuesday, February 12th. They now have a $120.00 price target on the stock. On the ratings front, analysts at Barclays Capital raised their price target on shares of Agrium from $116.00 to $121.00 in a research note to investors on Wednesday, January 30th. They now have an “overweight” rating on the stock.
Seventeen research analysts have rated the stock with a buy rating, one has assigned an overweight rating, eight have assigned a hold rating, and one has assigned a sell rating to the company’s stock. The stock presently has a consensus rating of “overweight” and a consensus target price of $120.29.
Agrium (AGU) traded down 1.86% on Thursday, hitting $106.84. Agrium (AGU) has a 1-year low of $74.28 and a 1-year high of $115.31. The stock’s 50-day moving average is currently $109.7. The company has a market cap of $15.919 billion and a price-to-earnings ratio of 12.96.
Agrium Inc. (Agrium), incorporated on December 21, 1992, is a global producer and marketer of nutrients for agricultural and industrial markets.
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