CLSA Upgrades Agrium (USA) to Underperform

Brokerage firm CLSA Upgrades its rating on Agrium (USA)(NYSE:AGU). The shares have been rated Underperform. Previously, the analysts had a Sell rating on the shares. The rating by CLSA was issued on Aug 5, 2016.

In a different note, On Jul 7, 2016, Citigroup said it Maintains its rating on Agrium (USA). In the research note, the firm Raises the price-target to $87.00 per share. The shares have been rated ‘Neutral’ by the firm. On Jun 14, 2016, UBS said it Maintains its rating on Agrium (USA). In the research note, the firm Raises the price-target to $93.00 per share. The shares have been rated ‘Buy’ by the firm. On Jun 9, 2016, CLSA said it Downgrades its rating on Agrium (USA). The shares have been rated ‘Sell’ by the firm. On May 31, 2016, Stifel Nicolaus said it Upgrades its rating on Agrium (USA). The shares have been rated ‘Hold’ by the firm.

Agrium (USA) (AGU) remained unchanged at the close of Wednesday session. Even as the volume increased to 2,94,697 ,the shares failed to make any impression and ended at 0 points or 0.00% at $92.08. The trading session commenced at $91.85 and the stock hit a high of $92.49 and touched $91.2 at the lower end. Considering that the stock pared all of the losses, it can be said as a positive sign. The share price has a 52-week high of $106.76 and the 52-week low is $79.94. The company has a market cap of $12,723 M and has approximately 13,81,75,400 outstanding shares.

Agrium (USA) has also declared a cash dividend of $0.8750 on Aug 3, 2016. The shares will quote ex-dividend on Sep 28, 2016 and the record date has been fixed on Sep 30, 2016. The dividend payable date has been fixed on Oct 20, 2016.

Agrium (USA)(AGU) last announced its earnings results on Aug 3, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $6.42B. Analysts had an estimated revenue of $6.66B. Earnings per share were $4.18. Analysts had estimated an EPS of $4.10.

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 1375 retail locations 57 terminals 8 plants and 18 distribution centers in North and South America as well as Australia.

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