Agrium (USA) (AGU) was Downgraded by Standpoint Research to ” Hold”. Earlier the firm had a rating of “Buy ” on the company shares. Standpoint Research advised their investors in a research report released on Nov 21, 2016.
Many Wall Street Analysts have commented on Agrium (USA). Agrium (USA) was Downgraded by Credit Suisse to ” Neutral” on Nov 4, 2016. Agrium (USA) was Upgraded by CLSA to ” Outperform” on Sep 13, 2016. Agrium (USA) was Downgraded by BofA/Merrill to ” Underperform” on Sep 13, 2016.
On the company’s financial health, Agrium (USA) reported $-0.12 EPS for the quarter, missing the analyst consensus estimate by $ -0.25 based on the information available during the earnings call on Nov 3, 2016. Analyst had a consensus of $0.13. The company had revenue of $2245.00 million for the quarter, compared to analysts expectations of $2382.47 million. The company’s revenue was down -11.1 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.71 EPS.
Agrium (USA) opened for trading at $97.29 and hit $98.52 on the upside on Monday, eventually ending the session at $98.4, with a gain of 0.57% or 0.56 points. The heightened volatility saw the trading volume jump to 6,89,952 shares. Company has a market cap of $13,596 M.
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.