Analyst Price Target Update on Agrium (NYSE:AGU)

Agrium (NYSE:AGU) shares are expected to touch $98.42 in the short term. This short term price target has been shared by 12 analysts. However, the standard deviation of short term price estimate has been valued at 11.76. The target price could hit $130 on the higher end and $86 on the lower end.

Many analysts have stated their opinion on the company shares. In the latest statement by the brokerage house, CLSA downgrades its outlook on Agrium (NYSE:AGU). The current rating of the shares is Sell, according to the research report released by the firm. Previously, the company had a rating of Underperform. The rating by the firm was issued on June 9, 2016. For the current week, the company shares have a recommendation consensus of Buy.

Agrium (NYSE:AGU) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.28 points or 0.3% at $93.64 with 853,260 shares getting traded. Post opening the session at $94.06, the shares hit an intraday low of $93.02 and an intraday high of $95.25 and the price was in this range throughout the day. The company has a market cap of $12,939 million and the number of outstanding shares have been calculated to be 138,175,400 shares. The 52-week high of Agrium (NYSE:AGU) is $109.46 and the 52-week low is $79.94.

Agrium Inc. (Agrium) is a Canada-based producer and marketer of nutrients for agricultural and industrial markets. Agrium 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 Company operates through its two business units: Retail and Wholesale. Agrium Wholesale owns 16 production facilities in North and South America across the nitrogen, potash and phosphate spectrum; two mines; and a distribution and storage network throughout North America and internationally through Agrium Europe. Agrium Retail operates approximately 1,375 retail locations, 57 terminals, 8 plants and 18 distribution centers in North and South America, as well as Australia.

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