Agrium (USA) (AGU) is Downgraded by BofA/Merrill to Underperform

Agrium (USA) (AGU) was Downgraded by BofA/Merrill to ” Underperform”. Earlier the firm had a rating of “Buy ” on the company shares. BofA/Merrill advised their investors in a research report released on Sep 13, 2016.

Many Wall Street Analysts have commented on Agrium (USA). Agrium (USA) was Upgraded by CLSA to ” Outperform” on Sep 13, 2016. Agrium (USA) was Upgraded by CLSA to ” Underperform” on Aug 5, 2016.

On the company’s financial health, Agrium (USA) reported $1.52 EPS for the quarter, beating the analyst consensus estimate by $ 0.14 according to the earnings call on Feb 9, 2016. Analyst had a consensus of $1.38. The company had revenue of $2407.00 million for the quarter, compared to analysts expectations of $2843.27 million. The company’s revenue was down -11.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.46 EPS.

Agrium (USA) closed down -2.57 points or -2.70% at $92.64 with 2,631,958 shares getting traded on Monday. Post opening the session at $94.88, the shares hit an intraday low of $91.65 and an intraday high of $96.61 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

Investors should note that on Aug 3, 2016, Agrium (USA) announced a cash dividend of $0.8750. The company’s management has announced Sep 28, 2016 as the ex-dividend date and fixed the record date on Sep 30, 2016. The payable date has been fixed on Oct 20, 2016.

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.

Agrium  (USA)

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