Investment analysts at Bank of America (NYSE: BAC) started coverage on shares of Agrium Inc. (USA) (NYSE: AGU) in a note issued to investors on Friday. They set a “buy” rating on the stock.
Separately, analysts at Miller Tabak initiated coverage on shares of Agrium Inc. (USA) in a research note to investors on Tuesday, January 10th. They set a “neutral” rating and a $80.00 price target on the stock. Analysts at BMO Capital Markets upgraded shares of Agrium Inc. (USA) from a “market perform” rating to an “outperform” rating in a research note to investors on Tuesday, January 10th. Also, analysts at Zacks Investment Research downgraded shares of Agrium Inc. (USA) from an “outperform” rating to a “neutral” rating in a research note to investors on Thursday, January 5th. They now have a $70.00 price target on the stock.
Agrium Inc. is a retailer of agricultural products and services in the United States, as well as Argentina, Chile and Uruguay and a global producer and wholesale marketer of nutrients for agricultural and industrial markets. During the year ended December 31, 2009, Agrium reported its business through three business units and a fourth non-operating business unit for Corporate and inter-company eliminations. The three operating business units are Retail, Wholesale, and Advanced Technologies. Agrium operates 826 retail centers, 37 terminals and 18 distribution centers in North and South America.
Agrium Inc. (USA) traded up 0.69% on Friday, hitting $80.30. Agrium Inc. (USA) has a 52-week low of $60.15 and a 52-week high of $99.14. The stock has a 50-day moving average of $70.15 and a 200-day moving average of $77.77. The company has a market cap of $12.687 billion and a price-to-earnings ratio of 9.54.