Scotiabank Downgrades Agrium (USA) to Sector Perform

Brokerage firm Scotiabank Downgrades its rating on Agrium (USA)(AGU). The shares have been rated Sector Perform. Previously, the analysts had a Outperform rating on the shares. The rating by the stock financial advisor at Scotiabank was issued on Feb 13, 2017 in a research report to their Investors and Clients.

In a different note, On Jan 24, 2017, Cowen & Co. said it Upgrades its rating on Agrium (USA). The shares have been rated ‘Outperform’ by the firm.

Agrium (USA) (AGU) shares turned negative on Wednesdays trading session with the shares closing down -0.23 points or -0.22% at a volume of 3,76,704. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $103.46. The peak price level was also seen at $103.46 while the days lowest was $101.97. Finally the shares closed at $102.99. The 52-week high of the shares is $111.88 while the 52-week low is $80.45. According to the latest information available, the market cap of the company is $14,231 M.

Agrium (USA)(AGU) last announced its earnings results on Feb 9, 2017 for Fiscal Year 2016 and Q4.Company reported revenue of $2.280B. Analysts had an estimated revenue of $2.190B. Earnings per share were $0.68. Analysts had estimated an EPS of $0.67.

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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