Agrium Inc (TSE:AGU) Has Just Had Its Target Upgraded by Equity Research Analysts at RBC Capital Markets to $140.00

September 17, 2017 - By Marie Mckinney

Stock Analysis:Agrium Inc (TSE:AGU) Target Upped

In analysts report revealed to investors and clients by RBC Capital Markets on Friday morning, Agrium Inc (TSE:AGU) had its target price per share raised to $140.00. The firm currently has a solid Outperform rating on shares.

Agrium Inc. (TSE:AGU) Ratings Coverage

Among 5 analysts covering Agrium Inc. (TSE:AGU), 4 have Buy rating, 0 Sell and 1 Hold. Therefore 80% are positive. Agrium Inc. has $140 highest and $94 lowest target. $114’s average target is -11.01% below currents $128.1 stock price. Agrium Inc. had 13 analyst reports since July 29, 2015 according to SRatingsIntel. The rating was maintained by RBC Capital Markets with “Outperform” on Friday, July 14. The stock has “Hold” rating by TD Securities on Wednesday, September 21. Scotia Capital maintained it with “Outperform” rating and $110 target in Friday, February 10 report. The company was maintained on Friday, November 4 by TD Securities. As per Thursday, June 9, the company rating was maintained by RBC Capital Markets. As per Friday, September 18, the company rating was maintained by Scotia Capital. The stock has “Outperform” rating by RBC Capital Markets on Wednesday, August 31.

The stock increased 2.15% or $2.7 on September 15, reaching $128.1. About 1.42M shares traded or 482.58% up from the average. Agrium Inc. (TSE:AGU) has 0.00% since September 17, 2016 and is . It has underperformed by 16.70% the S&P500.

Analysts await Agrium Inc. (USA) (NYSE:AGU) to report earnings on November, 2. They expect $0.03 earnings per share, up 120.00 % or $0.18 from last year’s $-0.15 per share. AGU’s profit will be $4.14 million for 876.00 P/E if the $0.03 EPS becomes a reality. After $4.09 actual earnings per share reported by Agrium Inc. (USA) for the previous quarter, Wall Street now forecasts -99.27 % negative EPS growth.

Agrium Inc. 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. The company has market cap of $17.83 billion. The Company’s divisions include Retail and Wholesale. It has a 25.37 P/E ratio. As of December 31, 2016, its Retail business unit marketed crop nutrients, crop protection products, seed, merchandise, application and other agronomic services through 1,500 retail locations in the United States, Canada, Australia, Argentina, Brazil, Chile and Uruguay.

More important recent Agrium Inc. (TSE:AGU) news were published by: Seekingalpha.com which released: “Agrium, Potash get OK for merger from Canada” on September 11, 2017, also Fool.ca published article titled: “Is a Merger the Cure for What Ails Agrium Inc. and Potash Corporation of …”, Fool.ca published: “Potash Corporation of Saskatchewan Inc.’s Ex-CEO Thinks Merger With Agrium Inc …” on September 01, 2017. More interesting news about Agrium Inc. (TSE:AGU) was released by: Seekingalpha.com and their article: “Agrium: Very ‘Confident’ In $500M Operating Synergies” with publication date: September 07, 2017.

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