The stock of Agrium Inc. (TSE:AGU) hit a new 52-week high and has $202.91 target or 55.00% above today’s $130.91 share price. The 8 months bullish chart indicates low risk for the $18.76 billion company. The 1-year high was reported on Nov, 11 by Barchart.com. If the $202.91 price target is reached, the company will be worth $10.32 billion 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 12,928 shares traded hands. Agrium Inc. (TSE:AGU) has risen 16.41% since April 7, 2016 and is uptrending. It has outperformed by 10.27% the S&P500.
Agrium Inc. (TSE:AGU) Ratings Coverage
Out of 4 analysts covering Agrium Inc. (TSE:AGU), 3 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 75% are positive. $139 is the highest target while $94 is the lowest. The $117.50 average target is -10.24% below today’s ($130.91) stock price. Agrium Inc. has been the topic of 9 analyst reports since July 29, 2015 according to StockzIntelligence Inc. On Friday, September 18 the stock rating was maintained by Scotia Capital with “Focus Stock”. The firm has “Hold” rating by TD Securities given on Wednesday, September 21. On Thursday, June 9 the stock rating was maintained by RBC Capital Markets with “Outperform”. TD Securities maintained Agrium Inc. (TSE:AGU) rating on Friday, November 4. TD Securities has “Hold” rating and $94 price target. As per Wednesday, August 31, the company rating was maintained by RBC Capital Markets.
More recent Agrium Inc. (TSE:AGU) news were published by: Wsj.com which released: “Agrium Swings to Loss, Cuts Guidance” on November 03, 2016. Also Seekingalpha.com published the news titled: “Agrium: A 3rd Quarter Update Ahead Of The Potash Merger” on November 07, 2016. Fool.ca‘s news article titled: “Making Sense of the Agrium Inc./Potash Corporation of Saskatchewan Inc. Merger” with publication date: October 19, 2016 was also an interesting one.
Agrium Inc. is a producer and distributor of agricultural services and products. The company has a market cap of $18.76 billion. The Firm categorizes its divisions within the Retail and Wholesale business units. It has a 18.51 P/E ratio. 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.
AGU.TO 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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