Coming off an impressive quarter, Agrium (NYSE:AGU) unsurprisingly had their "Buy" rating reiterated by Citigroup (NYSE:C). The price target was strongly, upwardly adjusted, increasing from $64 to $80.
Agrium wildly surpassed expectations in their recent earnings report, where they earned $506 million, or $3.20 a share, up from the $370 million, or $2.35 a share in the same quarter last year.
Revenue increased in the quarter from $4.09 billion last year to $4.37 billion.
Analysts had been looking for earnings of $2.77 a share on revenue of $4.17.
No comments:
Post a Comment