Somewhat Positive Media Coverage Somewhat Unlikely to Impact Agrium (NYSE:AGU) Share Price
Media coverage about Agrium (NYSE:AGU) (TSE:AGU) has trended somewhat positive this week, Accern Sentiment reports. The research firm scores the sentiment of news coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Agrium earned a media sentiment score of 0.19 on Accern’s scale. Accern also assigned media stories about the basic materials company an impact score of 43.2242490751442 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.78 and a current ratio of 1.29. Agrium has a 12-month low of $87.82 and a 12-month high of $117.28. The firm has a market cap of $15,890.00, a price-to-earnings ratio of 29.49, a P/E/G ratio of 2.18 and a beta of 0.64.
Agrium (NYSE:AGU) (TSE:AGU) last issued its quarterly earnings results on Tuesday, November 7th. The basic materials company reported ($0.23) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.22). Agrium had a negative net margin of 2.90% and a negative return on equity of 4.44%. The firm had revenue of $2.38 billion for the quarter, compared to analysts’ expectations of $2.29 billion. During the same period in the prior year, the firm earned ($0.12) EPS. Agrium’s revenue for the quarter was up 8.7% compared to the same quarter last year. analysts predict that Agrium will post 4.57 earnings per share for the current fiscal year.
A number of research analysts recently issued reports on the stock. Cowen lifted their price target on shares of Agrium from $109.00 to $120.00 and gave the company an “outperform” rating in a research report on Wednesday, November 22nd. Stephens assumed coverage on shares of Agrium in a report on Monday, December 4th. They issued an “overweight” rating and a $131.00 target price for the company. BMO Capital Markets reaffirmed a “hold” rating and issued a $100.00 target price on shares of Agrium in a report on Friday, October 6th. JPMorgan Chase & Co. decreased their target price on shares of Agrium from $100.00 to $95.00 and set a “neutral” rating for the company in a report on Friday, November 24th. Finally, TD Securities reaffirmed a “buy” rating and issued a $134.00 target price on shares of Agrium in a report on Friday, November 10th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and nine have issued a buy rating to the company. Agrium has an average rating of “Buy” and an average price target of $113.71.
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Agrium Company Profile
Agrium Inc is a Canada-based global producer and distributor of agricultural products, services and solutions. The Company produces nitrogen, potash and phosphate fertilizers, with a combined wholesale nutrient capacity of approximately 11 million tones. Agrium Inc supplies main products and services directly to growers, including crop nutrients, crop protection, seed, as well as agronomic and application services.
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