Standpoint Research Downgrades Agrium to Hold

By Ryan Adsit

In a report released today, Ronnie Moas from Standpoint Research downgraded Agrium (NYSE: AGU) to Hold. The company’s shares opened today at $98.84, close to its 52-week high of $100.88.

According to TipRanks.com, Moas is a top 100 analyst with an average return of 5.7% and a 71.1% success rate. Moas covers the Technology sector, focusing on stocks such as Lexmark International, Nuance Communications, and Ultra Clean Holdings.

Agrium has an analyst consensus of Moderate Buy, with a price target consensus of $91.

Agrium’s market cap is currently $13.58B and has a P/E ratio of 18.70. The company has a book value ratio of 2.1476.

Agrium, Inc. engages in the production and distribution of agricultural products, services, and solutions. It operates through the Retail and Wholesale segments. The Retail segment offers crop nutrients, crop protection products, seed, merchandise and services directly to growers through a network of farm centers in United States, Canada, Australia, and South America. The Wholesale segment produces, markets, and distributes crop nutrients and industrial products such as nitrogen, potash, phosphate, and crop nutrient products. The company was founded on December 21, 1992 and is headquartered in Calgary, Canada