Why Agrium Inc. (NYSE:AGU) Is In News?


Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $95.69 on Agrium Inc. (NYSE:AGU) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $5.72 for the next fiscal and $N/A for underway quarter. Valuation Estimates Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of Agrium Inc. (NYSE:AGU) stands at 13.09. Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For Agrium Inc. Common Stock, the PEG ratio for coming 3-5 years is 13.49. Technical Analysis The technical analysis highlights that Agrium Inc. Common Stock current price is trading $-0.64 points away -0.70% from $91.77, which stands as the 50-day moving average of the firm. The stock’s 200-day MA is $87.92 and, for now, the stock price is trading $3.21 or +3.65% away from that point. The 52-week high of Agrium Inc. (NYSE:AGU) was $107.75 while lowest point recorded in 52-week was $79.94. It implies if stock price makes a movement of over $-16.62, it will record a new 52-week high. In the case of $+14.00% points drop, it will touch a new 52-week low.

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