Agrium Inc. (NYSE:AGU) (TSE:AGU) shares reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $113.98 and last traded at $113.77, with a volume of 73798 shares trading hands. The stock had previously closed at $112.98.
A number of research analysts have recently commented on AGU shares. Royal Bank of Canada upped their price objective on shares of Agrium from $110.00 to $115.00 and gave the company an “outperform” rating in a research note on Friday, September 15th. Zacks Investment Research downgraded shares of Agrium from a “hold” rating to a “sell” rating in a research note on Wednesday, October 11th. assumed coverage on shares of Agrium in a research note on Wednesday, October 11th. They set a “buy” rating and a $126.50 price objective for the company. Stifel Nicolaus reissued a “buy” rating and set a $123.00 target price on shares of Agrium in a research report on Thursday, October 12th. Finally, BMO Capital Markets reissued a “hold” rating and set a $100.00 target price on shares of Agrium in a research report on Friday, October 6th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and ten have assigned a buy rating to the company’s stock. Agrium has an average rating of “Buy” and an average price target of $114.19.
The stock has a market capitalization of $15,660.00, a price-to-earnings ratio of 29.53, a price-to-earnings-growth ratio of 2.75 and a beta of 0.64. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.29 and a quick ratio of 0.78.
The business also recently declared a quarterly dividend, which will be paid on Thursday, January 18th. Shareholders of record on Friday, December 29th will be issued a $0.875 dividend. This represents a $3.50 dividend on an annualized basis and a yield of 3.04%. The ex-dividend date of this dividend is Thursday, December 28th. Agrium’s dividend payout ratio is presently 89.74%.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Moors & Cabot Inc. purchased a new position in shares of Agrium during the 3rd quarter valued at approximately $273,000. Afam Capital Inc. boosted its stake in shares of Agrium by 3.9% during the 3rd quarter. Afam Capital Inc. now owns 18,690 shares of the basic materials company’s stock valued at $2,004,000 after buying an additional 709 shares during the last quarter. Neuberger Berman Group LLC boosted its stake in shares of Agrium by 1.9% during the 3rd quarter. Neuberger Berman Group LLC now owns 590,052 shares of the basic materials company’s stock valued at $63,259,000 after buying an additional 11,041 shares during the last quarter. Janney Montgomery Scott LLC boosted its stake in shares of Agrium by 27.9% during the 3rd quarter. Janney Montgomery Scott LLC now owns 28,245 shares of the basic materials company’s stock valued at $3,028,000 after buying an additional 6,166 shares during the last quarter. Finally, Bank of Nova Scotia Trust Co. boosted its stake in shares of Agrium by 1.3% during the 3rd quarter. Bank of Nova Scotia Trust Co. now owns 109,377 shares of the basic materials company’s stock valued at $11,726,000 after buying an additional 1,435 shares during the last quarter. Hedge funds and other institutional investors own 66.94% of the company’s stock.
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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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