Agrium Inc. (NYSE:AGU).
On July 10 the company was rated “Outperform” according to a Scotiabank report which is up from the previous “” rating. On May 19 the stock rating was upgraded from “Hold” to “Buy” in a statement from Vertical Research.
On November 21 the company was downgraded to “Hold” from “Buy” by analysts at Standpoint Research. On September 13 the company was downgraded from “Outperform” to “Market Perform” by Bank of America.
On September 13, 2016 the stock rating was changed to a “Outperform” by BMO Capital which was a cut from the previous “” rating.
The company is up by 0.73 percent from yesterday’s close. Additionally the company declared a dividend for shareholders that will be paid on Thu Jul 20, 2017. The dividend will be $0.875 per share for the quarter which is $3.50 annualized. The dividend yield will be $3.47. The ex-dividend date is set for Wednesday the 28th of June 2017.
Shares are trading at $96.49 which is just a bit higher than the 50 day moving average of $92.11 and a tad below the 200 day moving average of $97.03. The 50 day moving average was up $4.09 or +4.44% whereas the 200 day average was down by -0.86%.
Agrium Inc., launched on December 21, 1992, 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 Business’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. As of December 31, 2016, its North American Retail locations included approximately 780 branches, and approximately 370 satellites. Its Wholesale business unit manufactures, mines and markets a range of nutrients, including nitrogen-based, potash and phosphate-based crop nutrient products. As of December 31, 2016, its Wholesale business unit owned and operated five North American nitrogen facilities, four located in Alberta, Canada and one in Borger, Texas, United States. It also owns and operates a number of facilities that upgrade ammonia and urea to other products such as urea ammonium nitrate (UAN) solutions and nitric acid..
The most current P/E ratio is 22.93 and the market value is 13.29B. In the last earnings report the EPS was $4.20 and is expected to be $5.10 for the current year with 138,176,000 shares now outstanding. Next quarter’s EPS is expected be $0.10 and the next full year EPS is anticipated to be $5.95.