Agrium Inc. (TSE:AGU) had its price target decreased by equities research analysts at TD Securities from C$110.00 to C$88.00 in a research note issued on Tuesday, AnalystRatingsNetwork.com reports. The firm currently has a “hold” rating on the stock. TD Securities’ price objective would suggest a potential downside of 26.93% from the stock’s previous close.

Agrium (TSE:AGU) opened at 120.44 on Tuesday. The company’s 50 day moving average price is $124.47 and its 200-day moving average price is $128.15. The company has a market capitalization of $16.64 billion and a P/E ratio of 20.69. Agrium has a 52 week low of $114.87 and a 52 week high of $146.51.

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 21st. Shareholders of record on Thursday, December 31st were paid a $0.875 dividend. This represents a $3.50 dividend on an annualized basis and a yield of 2.91%. This is a positive change from Agrium’s previous quarterly dividend of $0.50.

Agrium Inc. (TSE:AGU) is a Canada-based producer and marketer of nutrients for agricultural and industrial markets. Agrium is a retailer of agricultural products and services in the United States, Canada, Australia, Argentina, Brazil, Chile and Uruguay and a multi-national producer and wholesale marketer of nutrients for agricultural and industrial markets. The Company operates through its two business units: Retail and Wholesale. Agrium Wholesale owns 16 production facilities in North and South America across the nitrogen, potash and phosphate spectrum; two mines; and a distribution and storage network throughout North America and internationally through Agrium Europe. Agrium Retail operates approximately 1,375 retail locations, 57 terminals, 8 plants and 18 distribution centers in North and South America, as well as Australia.

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