Royal Bank Of Canada Analysts Give Agrium Inc. (NYSE:AGU) a $110.00 Price Target

Royal Bank Of Canada set a $110.00 target price on Agrium Inc. (NYSE:AGU) (TSE:AGU) in a report issued on Thursday. The brokerage currently has a buy rating on the basic materials company’s stock.

Several other analysts have also weighed in on the company. Cowen and Company set a $99.00 target price on Agrium and gave the company a buy rating in a report on Friday, July 28th. Stifel Nicolaus reissued a buy rating and issued a $107.00 target price (down previously from $114.00) on shares of Agrium in a report on Monday, July 10th. Scotiabank raised Agrium from a sector perform rating to an outperform rating and set a $110.00 target price on the stock in a report on Monday, July 10th. Zacks Investment Research lowered Agrium from a hold rating to a sell rating in a report on Tuesday, July 4th. Finally, AltaCorp Capital reissued a sector perform rating on shares of Agrium in a report on Thursday, June 22nd. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and ten have given a buy rating to the company. The stock presently has an average rating of Hold and a consensus target price of $103.00.

Agrium (NYSE AGU) traded up 0.15% during midday trading on Thursday, reaching $100.95. 539,671 shares of the company were exchanged. The company has a market capitalization of $13.95 billion, a price-to-earnings ratio of 24.06 and a beta of 0.62. The company has a 50 day moving average of $95.34 and a 200-day moving average of $96.17. Agrium has a 52-week low of $87.75 and a 52-week high of $111.88.

A number of institutional investors have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC increased its position in Agrium by 138.8% in the first quarter. Tower Research Capital LLC TRC now owns 1,564 shares of the basic materials company’s stock valued at $150,000 after buying an additional 909 shares during the period. V Wealth Management LLC acquired a new position in Agrium during the second quarter valued at $156,000. Envestnet Asset Management Inc. increased its position in Agrium by 4.8% in the first quarter. Envestnet Asset Management Inc. now owns 2,247 shares of the basic materials company’s stock valued at $212,000 after buying an additional 103 shares during the period. M&T Bank Corp acquired a new position in Agrium during the first quarter valued at $234,000. Finally, Creative Planning increased its position in Agrium by 6.1% in the first quarter. Creative Planning now owns 2,746 shares of the basic materials company’s stock valued at $262,000 after buying an additional 159 shares during the period. Hedge funds and other institutional investors own 69.26% of the company’s stock.

Agrium Company Profile

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.