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A little-known Chilean company that until recently churned out mostly crop nutrients may hold a key to the future of electric-vehicle production. And a Chinese mining company is standing ready, poised to grab a big piece of it.
A review of economic and investment markets.
AGU – Company to acquire Macrofertil; terms not disclosed.
AGU – Stephens initiates coverage with Buy rating, $131 PT. This price target represents a 19.18% upside over the stock’s previous closing price of $109.92.
USDA’s 2017 profit forecast is still far from a record 2013 profit of $123.8 billion, but it does give signs of stability in the farm economy. Higher anticipated farm income is expected to positively influence farmers’ nutrient-purchasing decisions.
AGU – JPMorgan raises PT to $100 from $95. This new price target represents a -8.03% downside over the stock’s previous closing price of $108.73.
As we head for our feasts, note that Turkey is having problems with its lira hitting a new low of 3.96 to the dollar, and local bond yields soaring to 13.52% on fears that the government cannot or will not tame inflation.
AGU – Cowen & Company raises PT to $120 from $109. This new price target represents a 10.89% upside over the stock’s previous closing price of $108.22.
AGU – TD Securities reiterates Buy rating, $134 PT. This price target represents a 25.39% upside over the stock’s previous closing price of $106.87.
In a report issued on November 7, Greg Barnes from TD Securities reiterated a Buy rating on Agrium (NYSE: AGU), with a price target of $134. The company’s shares closed yesterday at $106.87. According to TipRanks.com, Barnes is a 3-star analyst with an average return of 3.3% and a 56.5% success rate. Barnes covers the
The post TD Securities Remains a Buy on Agrium appeared first on Analyst Ratings.
AGU – Misses EPS loss estimates by $0.19. Beats on revenues.
AGU – Company will sell its Conda, Idaho, phosphate production facility and adjacent phosphate mineral rights for a sale price of approximately $100-million, including working capital.
ALL AMOUNTS ARE STATED IN U.S.$
Cowen & Co. analyst Charles Neivert reiterated a Buy rating on Agrium (NYSE: AGU) on November 3 and set a price target of $109. The company’s shares closed on Friday at $108.09, close to its 52-week high of $111.88. According to TipRanks.com, Neivert is a 5-star analyst with an average return of 13.2% and a
The post Cowen & Co. Believes Agrium (NYSE: AGU) Still Has Room to Grow appeared first on Analyst Ratings.
AGU – RBC Capital reiterates Buy rating, $115 PT. This price target represents a 7.30% upside over the stock’s previous closing price of $107.18.
In a report issued on October 16, Andrew Wong from RBC Capital reiterated a Buy rating on Agrium (NYSE: AGU), with a price target of $115. The company’s shares closed yesterday at $107.18. According to TipRanks.com, Wong is a 2-star analyst with an average return of 0.1% and a 58.1% success rate. Wong covers the
The post Agrium Gets a Buy Rating from RBC Capital appeared first on Analyst Ratings.
AGU – Stifel Nicolaus reiterates Buy rating, $123 PT. This price target represents a 15.49% upside over the stock’s previous closing price of $106.50.
Stifel Nicolaus analyst Paul Forward reiterated a Buy rating on Agrium (NYSE: AGU) on October 10 and set a price target of $123. The company’s shares closed yesterday at $106.50. According to TipRanks.com, Forward is ranked 0 out of 5 stars with an average return of -6.6% and a 47.8% success rate. Forward covers the
The post Stifel Nicolaus Sticks to Their Buy Rating for Agrium appeared first on Analyst Ratings.
AGU – HSBC initiates as a buy. Stock price at the time of this analyst call was $105.78.
AGU – BMO Capital reiterates Hold rating, $100 PT. This price target represents a -5.42% downside over the stock’s previous closing price of $105.73.