The stock of Agrium Inc. (USA) (NYSE:AGU) hit a new 52-week high and has $161.53 target or 61.00% above today’s $100.33 share price. The 5 months bullish chart indicates low risk for the $13.95 billion company. The 1-year high was reported on Nov, 21 by Barchart.com. If the $161.53 price target is reached, the company will be worth $8.51B more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 265,341 shares traded hands. Agrium Inc. (USA) (NYSE:AGU) has risen 13.05% since April 19, 2016 and is uptrending. It has outperformed by 9.19% the S&P500.
Agrium Inc. (USA) (NYSE:AGU) Ratings Coverage
Out of 19 analysts covering Agrium Inc. (NYSE:AGU), 7 rate it a “Buy”, 2 “Sell”, while 10 “Hold”. This means 37% are positive. Agrium Inc. has been the topic of 44 analyst reports since August 6, 2015 according to StockzIntelligence Inc. The stock of Agrium Inc. (USA) (NYSE:AGU) has “Outperform” rating given on Friday, August 7 by Howard Weil. TD Securities downgraded the shares of AGU in a report on Wednesday, October 21 to “Hold” rating. The stock of Agrium Inc. (USA) (NYSE:AGU) has “Market Perform” rating given on Monday, December 21 by Cowen & Co. The company was maintained on Wednesday, September 23 by Raymond James. The rating was downgraded by Bank of America to “Underperform” on Tuesday, September 13. The stock has “Buy” rating given by Standpoint Research on Thursday, January 21. The rating was upgraded by Citigroup to “Neutral” on Tuesday, January 5. The stock has “Hold” rating given by Zacks on Tuesday, September 22. The stock of Agrium Inc. (USA) (NYSE:AGU) earned “Sell” rating by Credit Agricole on Thursday, June 9. The stock has “Neutral” rating given by Credit Suisse on Friday, November 4.
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.”
More notable recent Agrium Inc. (USA) (NYSE:AGU) news were published by: Fool.ca which released: “Making Sense of the Agrium Inc./Potash Corporation of Saskatchewan Inc. Merger” on October 19, 2016, also Fool.ca with their article: “What an Agrium Inc. Merger Means for Potash Corporation of Saskatchewan Inc …” published on September 06, 2016, Investorplace.com published: “Bear of the Day: Agrium Inc. (USA) (AGU)” on August 15, 2016. More interesting news about Agrium Inc. (USA) (NYSE:AGU) were released by: Fool.ca and their article: “What the Agrium Inc./Potash Corporation of Saskatchewan Inc. Merger Means for …” published on September 17, 2016 as well as Fool.ca‘s news article titled: “Agrium Inc. Just Lost its Biggest Competitive Advantage” with publication date: September 20, 2016.
AGU Company Profile
Agrium Inc., incorporated on December 21, 1992, is a producer and distributor of agricultural services and products in North America, South America, Australia and Egypt through its agricultural retail-distribution and wholesale nutrient businesses. The Firm supplies growers with services and products, such as crop nutrients, crop protection, seed, and agronomic and application services. The Firm categorizes its divisions 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 divisions: North America, which includes the United States and Canada, and International, which includes Australia and South America. The Wholesale business unit produces, markets and distributes crop nutrients and industrial products through businesses, including Nitrogen, which includes manufacturing in Alberta, Texas and Argentina; Potash, which includes mining and processing in Saskatchewan; Phosphate, which includes mining and production facilities in Alberta and Idaho, and Wholesale Other, which includes purchasing and reselling crop nutrient products from other suppliers to clients in the Americas and Europe, and producing blended crop nutrients and environmentally smart nitrogen (ESN) polymer-coated nitrogen crop nutrients. The Company’s services and solutions include agronomic analysis and advice, field scouting and monitoring, precision agriculture technology and product application services. The Company’s subsidiaries include Agrium, a general partnership, Agrium Europe S.A., Agrium U.S. Inc., Agroservicios Pampeanos S.A., Crop Production Services, Inc., Crop Production Services (Canada) Inc., Landmark Operations Ltd. and Loveland Products Inc.
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