In this final part of the series, we’ll discuss analysts’ recommendations for Agrium and their price targets for Agrium and its peers over the next 12 months.
Of the 22 analysts surveyed by Reuters, six have given Agrium “strong buy” and “buy” recommendations. Thirteen analysts have given the company “hold” recommendations, and one has given it a “sell” recommendation for the next 12 months.
Let’s look now at analysts’ consensus price recommendation for the next 12 months.
On December 13, 2016, Agrium closed at ~$103 per share. According to the 22 analysts surveyed by Reuters, the median price target for Agrium over the next 12 months is $96.75, ~6% lower than its current market price. It appears that most analysts are currently neutral on the stock. In the first part of this series, we saw that Agrium had also recently been downgraded by AltaCorp.