The stock of Agrium Inc. (TSE:AGU) hit a new 52-week high and has $143.27 target or 5.00% above today’s $136.45 share price. The 6 months bullish chart indicates low risk for the $19.34B company. The 1-year high was reported on Dec, 1 by Barchart.com. If the $143.27 price target is reached, the company will be worth $967.00 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 20,929 shares traded hands. Agrium Inc. (TSE:AGU) has risen 24.47% since April 27, 2016 and is uptrending. It has outperformed by 18.55% 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 -13.89% below today’s ($136.45) stock price. Agrium Inc. has been the topic of 9 analyst reports since July 29, 2015 according to StockzIntelligence Inc. TD Securities maintained the stock with “Hold” rating in Wednesday, September 21 report. The stock has “Focus Stock” rating given by Scotia Capital on Friday, September 18. The firm has “Outperform” rating by RBC Capital Markets given on Wednesday, August 31. RBC Capital Markets maintained the stock with “Outperform” rating in Thursday, June 9 report. The stock has “Hold” rating given by TD Securities on Friday, November 4.
Agrium Inc. is a producer and distributor of agricultural services and products. The company has a market cap of $19.34 billion. The Firm categorizes its divisions within the Retail and Wholesale business units. It has a 19.35 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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