Zacks Upgrades Agrium to Outperform (AGU)

By admin | 6 years ago

Agrium (NYSE: AGU) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a research note issued on Wednesday. The firm currently has a $101.00 price target on the stock.

A number of other analysts have also recently weighed in on AGU. Analysts at Stifel Nicolaus initiated coverage on shares of Agrium in a research note to investors on Thursday, March 29th. They set a “buy” rating and a $105.00 price target on the stock. Separately, analysts at JPMorgan Chase (NYSE: JPM) downgraded shares of Agrium from an “overweight” rating to a “neutral” rating in a research note to investors on Friday, March 23rd. They now have a $88.00 price target on the stock. Finally, analysts at Macquarie upgraded shares of Agrium from a “neutral” rating to an “outperform” rating in a research note to investors on Wednesday, March 21st.

Agrium opened at 83.15 on Wednesday. Agrium has a 52-week low of $60.15 and a 52-week high of $93.49. The company has a market cap of $13.123 billion and a price-to-earnings ratio of 9.58.

Agrium last posted its quarterly earnings results on Wednesday, May 9th. The company reported $1.32 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.01 by $0.31. Agrium’s revenue was up 22.9% compared to the same quarter last year. Analysts expect that Agrium will post $4.68 EPS next quarter.

Agrium Inc. (Agrium) is a global producer and marketer of agricultural products. It operates through its three business units: Retail, Wholesale and Advanced Technologies (AAT).

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