Agrium Inc (NYSE:AGU) Rating Reaffirmed
New York: In recent note distributed to Clients on Monday morning, Cowen has reaffirmed their “Market Perform” rating on Agrium Inc (NYSE:AGU) shares. They now have a $90.00 target on the firm. Cowen’s target could mean a potential downside of -2.25% from the company’s current stock price.
From a total of 24 analysts covering Agrium Inc. (NYSE:AGU) stock, 0 rate it a ”Buy”, 0 a “Sell”, and 0 a ”Hold”. This means that NaN of the ratings are positive. The highest target price is $150 while the lowest target price is $83. The mean of all analyst targets is $108.4 with a 18.57% above today’s ($92.07) stock price. Agrium Inc. was the topic of 23 analyst reports since August 6, 2015 according to the firm StockzIntelligence Inc. RBC Capital Markets maintained shares on October 21 with “Outperform” rating. Zacks upgraded AGU stock in a recent report from September 22 to “Hold” rating. Finally, Canaccord Genuity maintained the stock with “Buy” rating in a report issued on an August 7.
The stock decreased 0.15% or $0.14 on December 18, striking $92.07. Approximately shares of stock traded hands. Agrium Inc. (USA) (NYSE:AGU) has declined 13.46% since May 18, 2015 and is downtrending. It has underperformed by 7.65% the S&P500.
Agrium Inc. is a Canada-based producer and marketer of nutrients for agricultural and industrial markets. The company has a market cap of $12.83 billion. Agrium is a retailer of agricultural services and products 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. It has 15.42 P/E ratio. The Firm operates through its two business units: Retail and Wholesale.
According to Zacks Investment Research, “Agrium Inc is a leading global producer and marketer of fertilizer and a major retail supplier of agricultural products and services in both North America and Argentina. They produce and market four primary groups of fertilizers: nitrogen, phosphate, potash and sulphur. Their strategy is to grow through incremental expansion of their existing operations and acquisitions as well as the development, commercialization and marketing of new products and international opportunities.”