The stock of Agrium Inc. (USA) (NYSE:AGU) hit a new 52-week high and has $105.41 target or 4.00% above today’s $101.36 share price. The 5 months bullish chart indicates low risk for the $14.37 billion company. The 1-year high was reported on Dec, 1 by Barchart.com. If the $105.41 price target is reached, the company will be worth $574.80 million 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 336,306 shares traded hands. Agrium Inc. (USA) (NYSE:AGU) has risen 15.92% since April 28, 2016 and is uptrending. It has outperformed by 9.99% the S&P500.
Analysts await Agrium Inc. (USA) (NYSE:AGU) to report earnings on February, 14. They expect $0.67 earnings per share, down 53.15% or $0.76 from last year’s $1.43 per share. AGU’s profit will be $94.99M for 37.82 P/E if the $0.67 EPS becomes a reality. After $-0.15 actual earnings per share reported by Agrium Inc. (USA) for the previous quarter, Wall Street now forecasts -546.67% EPS growth.
Agrium Inc. (USA) (NYSE:AGU) Ratings Coverage
Out of 19 analysts covering Agrium Inc. (NYSE:AGU), 6 rate it a “Buy”, 2 “Sell”, while 11 “Hold”. This means 32% are positive. $125 is the highest target while $81 is the lowest. The $102.92 average target is 1.54% above today’s ($101.36) stock price. Agrium Inc. has been the topic of 45 analyst reports since August 6, 2015 according to StockzIntelligence Inc. On Tuesday, September 22 the stock rating was upgraded by Zacks to “Hold”. The company was maintained on Wednesday, October 21 by RBC Capital Markets. The company was downgraded on Thursday, April 21 by Vertical Research. The stock of Agrium Inc. (USA) (NYSE:AGU) earned “Market Perform” rating by Cowen & Co on Monday, December 21. On Tuesday, September 13 the stock rating was upgraded by CLSA to “Outperform”. Barclays Capital maintained Agrium Inc. (USA) (NYSE:AGU) rating on Tuesday, January 12. Barclays Capital has “Overweight” rating and $104.0 price target. The rating was maintained by UBS with “Buy” on Tuesday, June 14. The firm earned “Hold” rating on Tuesday, May 31 by Stifel Nicolaus. The stock of Agrium Inc. (USA) (NYSE:AGU) has “Underperform” rating given on Tuesday, September 13 by Bank of America. As per Monday, October 5, the company rating was maintained by Barclays Capital.
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: “3 Things You Must Know About Agrium Inc./Potash Corporation of Saskatchewan …” published on September 15, 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: “Agrium Inc. Just Lost its Biggest Competitive Advantage” published on September 20, 2016 as well as Fool.ca‘s news article titled: “What an Agrium Inc. Merger Means for Potash Corporation of Saskatchewan Inc …” with publication date: September 06, 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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