Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Agrium in a research note to investors on Monday. They now have a $110.00 price target on the stock. Separately, analysts at CIBC reiterated a “sector outperform” rating on shares of Agrium in a research note to investors on Monday, February 25th. They now have a $130.00 price target on the stock. Finally, analysts at Canaccord Genuity cut their price target on shares of Agrium from $129.00 to $127.00 in a research note to investors on Monday, February 25th. They now have a “buy” rating on the stock.
Sixteen investment analysts have rated the stock with a buy rating, one has issued an overweight rating, eight have assigned a hold rating, and two have issued a sell rating to the company’s stock. The company has a consensus rating of “overweight” and a consensus price target of $117.51.
Agrium traded up 0.81% on Tuesday, hitting $103.51. Agrium has a 52-week low of $74.28 and a 52-week high of $115.31. The stock’s 50-day moving average is currently $109.3. The company has a market cap of $15.423 billion and a price-to-earnings ratio of 10.75.
Agrium last announced its earnings results on Thursday, February 21st. 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 $3.20 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. Analysts expect that Agrium will post $10.02 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, April 18th. Stockholders of record on Thursday, March 28th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 1.95%. The ex-dividend date is Tuesday, March 26th.
Agrium Inc. (Agrium), is a global producer and marketer of nutrients for agricultural and industrial markets.
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