Agrium (NYSE:AGU) traded down 1.01% during midday trading on Thursday, hitting $104.02. 303,544 shares of the stock were exchanged. The company’s 50 day moving average is $103.48 and its 200 day moving average is $96.29. The company has a market capitalization of $14.37 billion, a P/E ratio of 19.81 and a beta of 0.83. Agrium has a 1-year low of $80.45 and a 1-year high of $111.88.
Agrium Inc. (NYSE:AGU) (TSE:AGU) announced its earnings results on Thursday. The company reported $0.68 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.67 by $0.01. Agrium had a net margin of 5.27% and a return on equity of 11.96%. The business earned $2.28 billion during the quarter, compared to analysts’ expectations of $2.19 billion. During the same quarter in the prior year, the company posted $1.52 earnings per share. The firm’s revenue was down 5.3% on a year-over-year basis. Agrium updated its FY17 guidance to $4.50 to $6.00 EPS.
The business also recently declared a quarterly dividend, which was paid on Thursday, January 19th. Stockholders of record on Friday, December 30th were paid a $0.875 dividend. The ex-dividend date of this dividend was Wednesday, December 28th. This represents a $3.50 dividend on an annualized basis and a dividend yield of 3.36%. Agrium’s payout ratio is currently 66.41%.
Several analysts have issued reports on the stock. TheStreet lowered shares of Agrium from a “buy” rating to a “hold” rating in a research report on Thursday, November 3rd. Standpoint Research lowered shares of Agrium from a “buy” rating to a “hold” rating in a research report on Monday, November 21st. Cowen and Company raised shares of Agrium from a “market perform” rating to an “outperform” rating and set a $109.00 price target on the stock in a research report on Tuesday, January 24th. Atlantic Securities raised shares of Agrium from a “neutral” rating to an “overweight” rating and set a $120.00 price target on the stock in a research report on Tuesday, January 10th. Finally, Scotiabank reaffirmed an “outperform” rating and set a $100.00 price target on shares of Agrium in a research report on Tuesday, November 8th. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and ten have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $101.71.
Agrium Company Profile
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.