Stephens began coverage on shares of Agrium (NYSE:AGU) (TSE:AGU) in a research note released on Monday, MarketBeat.com reports. The brokerage issued an overweight rating and a $131.00 price target on the basic materials company’s stock.

A number of other analysts also recently issued reports on the company. Cowen reaffirmed a buy rating and set a $109.00 price target on shares of Agrium in a report on Sunday, November 5th. Royal Bank Of Canada lifted their price target on Agrium from $110.00 to $115.00 and gave the stock an outperform rating in a report on Friday, September 15th. J P Morgan Chase & Co decreased their price target on Agrium from $100.00 to $95.00 and set a neutral rating for the company in a report on Friday, November 24th. OTR Global raised Agrium to a neutral rating in a report on Tuesday, September 12th. Finally, BMO Capital Markets reaffirmed a hold rating and set a $100.00 price target on shares of Agrium in a report on Friday, October 6th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have given a buy rating to the company’s stock. Agrium currently has a consensus rating of Buy and an average target price of $114.19.

Shares of Agrium (NYSE:AGU) opened at $104.60 on Monday. The stock has a market capitalization of $14,740.75, a PE ratio of 24.64, a price-to-earnings-growth ratio of 2.60 and a beta of 0.64. The company has a current ratio of 1.29, a quick ratio of 0.78 and a debt-to-equity ratio of 0.70. Agrium has a fifty-two week low of $87.82 and a fifty-two week high of $111.88.

Agrium (NYSE:AGU) (TSE:AGU) last announced its quarterly earnings results on Tuesday, November 7th. The basic materials company reported ($0.23) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.01) by ($0.22). The business had revenue of $2.38 billion for the quarter, compared to analysts’ expectations of $2.29 billion. Agrium had a return on equity of 9.62% and a net margin of 2.64%. The firm’s quarterly revenue was up 8.7% on a year-over-year basis. During the same period last year, the firm earned ($0.12) earnings per share. sell-side analysts predict that Agrium will post 4.57 earnings per share for the current fiscal year.

Several institutional investors have recently bought and sold shares of AGU. First Eagle Investment Management LLC lifted its holdings in shares of Agrium by 3,083.8% in the 3rd quarter. First Eagle Investment Management LLC now owns 2,399,091 shares of the basic materials company’s stock valued at $257,207,000 after purchasing an additional 2,323,737 shares during the last quarter. Dodge & Cox lifted its holdings in shares of Agrium by 33.2% in the 2nd quarter. Dodge & Cox now owns 5,644,826 shares of the basic materials company’s stock valued at $510,800,000 after purchasing an additional 1,407,700 shares during the last quarter. Lazard Asset Management LLC lifted its holdings in shares of Agrium by 47.0% in the 2nd quarter. Lazard Asset Management LLC now owns 855,774 shares of the basic materials company’s stock valued at $77,438,000 after purchasing an additional 273,485 shares during the last quarter. Great West Life Assurance Co. Can lifted its holdings in shares of Agrium by 18.5% in the 3rd quarter. Great West Life Assurance Co. Can now owns 1,653,534 shares of the basic materials company’s stock valued at $176,900,000 after purchasing an additional 258,672 shares during the last quarter. Finally, Lincluden Management Ltd. lifted its holdings in shares of Agrium by 68.0% in the 3rd quarter. Lincluden Management Ltd. now owns 596,947 shares of the basic materials company’s stock valued at $64,003,000 after purchasing an additional 241,690 shares during the last quarter. 66.98% of the stock is owned by institutional investors and hedge funds.

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About Agrium

Agrium Inc is a retailer of agricultural products and services 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’s segments include Retail and Wholesale. 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.

Analyst Recommendations for Agrium (NYSE:AGU)

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