Agrium’s stock price
As of February 10, 2016, Agrium (AGU) was trading at $82.10 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 February 10, 2016, stood at $94, which would be a 15% upside from the current price of $82.10.
Out of the 25 analysts surveyed by Bloomberg, about 48% of the analysts have “buy” recommendations for Agrium (AGU). About 48% of analysts have issued “hold” recommendations and only 4% have issued “sell” recommendations. Overall, analysts are equally divided between a “buy” and a “hold” rating for Agrium as of February 10.
On the high side, CIBC World analyst Jacob Bout has a “sector outperform” rating with a price target of $115. On the low side, Credit Suisse analyst Christopher Parkinson has an “outperform” rating with a price target of $85 for the next 12 months.
ETF exposure and industry peers
You can gain exposure to agricultural fertilizer companies without investing directly in the company’s 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 the iShares US Basic Materials ETF (IYM).
To get more updates on fertilizer companies, you can visit our Agricultural Fertilizers page.