TD Securities Reiterates “Hold” Rating for Agrium Inc. (AGU)

Agrium Inc. (TSE:AGU)‘s stock had its “hold” rating reaffirmed by analysts at TD Securities in a report released on Wednesday. They presently have a C$94.00 target price on the stock. TD Securities’ price target would suggest a potential downside of 22.33% from the stock’s current price.

A number of other equities analysts have also commented on the stock. AltaCorp Capital raised shares of Agrium from a “sector perform” rating to an “outperform” rating in a research report on Friday, August 5th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Agrium in a research report on Wednesday, August 31st.

Agrium (TSE:AGU) opened at 121.02 on Wednesday. The company has a market capitalization of $16.72 billion and a PE ratio of 19.45. The company has a 50-day moving average price of $120.04 and a 200 day moving average price of $117.37. Agrium has a 52-week low of $104.70 and a 52-week high of $133.25.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 20th. Investors of record on Friday, September 30th will be issued a dividend of $0.875 per share. This represents a $3.50 annualized dividend and a yield of 2.89%.

About Agrium

Agrium Inc is a producer and distributor of agricultural products and services. The Company categorizes its segments 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 segments: North America, which includes the United States and Canada, and International, which includes Australia and South America.

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