What Are Agrium’s Ratings and Price Targets for Next 12 Months?
Agrium's 1Q16 Is Better Than Analysts' Estimates: What's Next?
Agrium’s stock price
As of May 5, 2016, Agrium (AGU) was trading at $86.10 per share. Let’s look at Wall Street analysts’ recommendations and target prices for the company’s share price over the next 12 months.
Analysts’ price target
Over the years, we’ve seen Agrium’s share price move in tandem with analysts’ price targets. When analysts lowered their 12-month price targets, the share price also declined, and vice versa. The consensus price target as of May 5, 2016, was $91.30. That’s a 6% upside from the current price of $82.10.
Analysts’ ratings
Of the 25 analysts surveyed by Bloomberg, about 48% have “buy” recommendations for Agrium (AGU). About 48% have issued a “hold” recommendation, and only 4% have “sell” recommendations. Overall, analysts are equally divided between “buy” and “hold” ratings as of May 5.
On the high side, CIBC World Markets analyst Jacob Bout has a “sector outperform” rating as of May 4, with a price target of $108. On the low side, Atlantic Equities analyst Colin Isaac has a “neutral” rating with a price target of $85 as of May 4 for the next 12 months.
ETF exposure and industry peers
You can gain exposure to agricultural fertilizer companies without investing directly in the company stock by investing in the iShares US Basic Materials ETF (IYM). Mosaic (MOS), CF Industries (CF), Monsanto (MON), and Dow Chemicals (DOW) comprise about 23.6% of IYM.
To get more updates on fertilizer companies, you can visit our Agricultural Fertilizers page.
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