Agrium (NYSE: AGU) received a number of ratings updates from brokerages and research firms in the last week:
- Agrium was downgraded by analysts at Dahlman Rose from a “buy” rating to a “sell” rating.
- Agrium had its price target lowered by analysts at RBC Capital from $125.00 to $120.00. They now have an “outperform” rating on the stock.
- Agrium had its price target lowered by analysts at Citigroup from $120.00 to $115.00. They now have a “buy” rating on the stock.
- Agrium had its price target lowered by analysts at UBS AG from $123.00 to $120.00. They now have a “buy” rating on the stock.
- Agrium had its price target lowered by analysts at Canaccord Genuity from $129.00 to $127.00. They now have a “buy” rating on the stock. They wrote, “We expect a strong US spring planting season to benefit the retail division and the nitrogen segment. In addition, we believe the potential exists for an early spring and the resulting increase in urea pricing as a result of logistical constraints on imported product. We believe earnings should perform well through the spring due to our positive fundamental view. There’s a catch though – if Jana (Agrium’s largest shareholder at 7.5% ownership) is successful in electing its slate of directors to Agrium’s board at the April 9 AGM, then that would state that a majority of shareholders voted them in and those shareholders likely believe that greater efficiencies or a potential sale/break-up of the company is forthcoming, and the share price should continue to increase post that election on that basis as well.”
- Agrium had its “sector outperform” rating reaffirmed by analysts at CIBC. They now have a $130.00 price target on the stock.
Shares of Agrium opened at 99.89 on Wednesday. Agrium has a one year low of $74.28 and a one year high of $115.31. The stock’s 50-day moving average is currently $109.. The company has a market cap of $14.884 billion and a P/E ratio of 10.55.
Agrium Inc. (Agrium), is a global producer and marketer of nutrients for agricultural and industrial markets.