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Agrium Inc. Message Board

  • lookoutgrady lookoutgrady Apr 26, 2011 4:36 AM Flag

    Barrons on AGU: Two Top Picks in Fertilizers

    We rate Agrium (ticker: AGU) at Buy (Top Pick) with a 12-month target price of C$115.00. Our target price is based on a blend between our valuation matrix (using 2011 and 2012 estimates and based on North American large-cap comparables) and our net asset value (NAV). We believe that Agrium's significant and ever-expanding retail and distribution network will be the principle growth catalyst going forward, supported by our forecast for rising nutrient prices in the Wholesale business. Agrium shares have fallen 10% since reaching a recent high of C$97.10 on Feb. 14 and we view this as an opportunity to buy on weakness given that both short- and long-term fundamentals remain intact.

92.01-3.79(-3.96%)Jun 24 4:02 PMEDT