So far in this series, we’ve discussed analysts’ estimates for Agrium’s (AGU) 3Q16 sales, margins, and earnings per share. While you can gauge the outlook for the company using these estimates, it’s also helpful to look at analysts’ recommendations and price targets for Agrium over the next 12 months.
Ratings and price targets
Overall, of the 22 analysts surveyed by Bloomberg, 11 have “buy” recommendations for Agrium, ten have “hold” recommendations, and only one has a “sell” recommendation. The consensus next-12-month price target for the company is $95.40, a rise of 2.9% over its October 25 closing price of $92.70.
The chart above shows analysts’ ratings and price target updates for the company in October. Most analysts have maintained their respective recommendations on the company.
Among the analysts surveyed, Don Carson of Susquehanna Financial is the most optimistic about Agrium in the next 12 months, with a “positive” rating and a price target of $116 per share. In contrast, Charles Neivert of Cowen and Company is the most pessimistic on the stock, with a “market perform” rating and a price target of $84 per share.
We’ll follow up with an analysis of Agrium after its 3Q16 earnings announcement on November 3, 2016. In the meantime, for updates on peers PotashCorp (POT), CF Industries (CF), and Mosaic (MOS), you can refer to our Agricultural Fertilizers page.