Bank of America (Merrill Lynch) downgraded Agrium Inc. (NYSE:AGU) from Neutral to Underperform in a statement released earlier today.
- Updated: September 15, 2016
Bank of America (Merrill Lynch) has downgraded Agrium Inc.(NYSE:AGU) from Neutral to Underperform in a statement released on 9/13/2016.
Previously on Thursday August 18 2016, Barclays Capital released a statement on Agrium Inc.(NYSE:AGU) raised the target price from $96.00 to $98.00. At the time, this suggested an upside of 0.07%.
Showing a price of $92.64, Agrium Inc. (NYSE:AGU) traded 1.39% higher on the day. With the last stock price close up 0.70% from the two hundred day moving average, compared to the S&P 500 Index which has fallen -0.01% over the date range. The company has been tracking to a 50-day average of $92.13 and two hundred day average of $90.24. Trading volume was was up over the average, with 1,499,685 shares of AGU changing hands over the typical 764,853 shares.
Recent Performance Graph:
Agrium Inc. has a one-year low of $79.94 and a 52 week high of $101.65 with a P/E ratio of 14 and has a market cap of $0.0.
A total of 24 equity analysts have reported on the stock. Four firms rate the stock a strong buy, 10 analysts rate the stock a buy, nine analyts rate the stock a hold, 0 rate the company to underperform, and finally one firmrate the company as sell with a 12-month target of $96.23
Brief Synopsis About Agrium Inc. (NYSE:AGU)
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. 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, and which includes producing blended crop nutrients and environmentally smart nitrogen (ESN) polymer-coated nitrogen crop nutrients.
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