Opinion on  Agrium Inc. (AGU)     Sector: Basic Materials  >  Industry: Chemical Manufacturing
Agrium Inc.

Agrium, Inc. produces and markets agricultural nutrients, industrial products, and specialty products worldwide, as well as involves in the retail supply of agricultural products and services in North and South America. It operates through three segments: Retail, Wholesale, and Advanced Technologies. The Retail segment markets crop nutrient products in liquid or dry form, including nitrogen, phosphate, potash, sulphur, and micronutrients; crop protection products, such as herbicides, fungicides, and insecticides; Vigoro branded and private label seeds; and a range of custom application and agronomic services, as well as other services, including applying crop input products, obtaining and analyzing soil and tissue samples, and crop scouting. As of December 31, 2007, this segment operated 444 farm centers and 49 distribution facilities across 30 U.S. states, Argentina, and Chile. The Wholesale segment manufactures, purchases, and markets a range of nutrients, including nitrogen-based, potash, and phosphate-based crop nutrient products. It also owns and operates facilities that upgrade ammonia and urea to other products, such as nitrogen solutions and nitric acid. In addition, this segment operates fertilizer granulation and blending plants in the United States. The Advanced Technologies segment produces and sells controlled-release crop nutrient and professional products to the agriculture, specialty agriculture, professional turf, horticulture, and consumer lawn and garden markets. It also offers pest control products to the structural pest control industry, including pest control in residential and commercial structures. The company was founded in 1931. It was formerly known as Cominco Fertilizers, Ltd. and changed its name to Agrium, Inc. in 1995. Agrium is headquartered in Calgary, Canada.

Analysts'  Recommendation:	Strong Buy
30 Days Ago:	Strong Buy
Analysts' Target:	$122

Analysts' Estimate:

$3.15

Analysts' Targets
UBS Securities	$130
Friday, July 18, 2008
Credit Suisse	$128
Outperform
Thursday, June 19, 2008
RBC Capital Markets	$140
Thursday, June 19, 2008
BMO Capital Markets	$125
Wednesday, June 11, 2008
Citigroup	$88
Friday, February 29, 2008

<th style="width: 60px;"> Date </th> <th style="width: 120px;"> Rating </th> <th style="width: 110px;"> Target Price </th> <th style="width: auto;"> Analyst </th> <th style="width: 60px;">   </th>

07/18/08	Buy	$ 130.00	UBS
07/09/08	Buy	-	Canaccord Adams
06/19/08	Outperform	$ 140.00	RBC Capital Markets
06/11/08	Outperform	$ 125.00	BMO Capital Markets

Recommendation Summary	Recent	4 Weeks*	8 Weeks*	12 Weeks*
(1) Strong Buy	7	6	6	6
(2) Moderate Buy	1	1	1	1
(3) Hold	0	0	0	0
(4) Moderate Sell	0	0	0	0
(5) Strong Sell	0	0	0	1
Average Rating	1.13	1.14	1.14	1.63
*Denotes Past Estimates

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	Recommendation Detail*	Rating	Previous	Date
Canaccord Adams	Buy	No Analyst Data	Jul 10, 2008
Credit Suisse	Neutral	Outperform	Jun 20, 2008
RBC Capital Mkts	Outperform	Sector Perform	May 07, 2008
CIBC Wrld Mkts	Sector Outperform	Sector Perform	Dec 20, 2007
BMO Capital Markets	Outperform	Market Perform	Dec 06, 2007
CIBC Wrld Mkts	Sector Perform	Sector Outperform	Nov 05, 2007
Credit Suisse	Outperform	No Analyst Data	Oct 05, 2007
Citigroup	Buy	Hold	Jun 25, 2007
Citigroup	Hold	Buy	May 01, 2007
CIBC Wrld Mkts	Sector Perform	Sector Outperform	Apr 03, 2007
UBS	Neutral	Buy	Dec 15, 2006
Credit Suisse	Neutral	Outperform	Oct 10, 2006
Banc of America Sec	Neutral	Sell	Oct 06, 2006
Citigroup	Buy	No Analyst Data	Sep 26, 2006
UBS	Buy	Neutral	Jun 26, 2006
Credit Suisse	Outperform	Neutral	Jun 16, 2006
Banc of America Sec	Sell	No Analyst Data	Jun 12, 2006
CIBC Wrld Mkts	Sector Outperform	Sector Perform	Feb 13, 2006
CSFB	Neutral	Outperform	Nov 08, 2005
JP Morgan	Neutral	Overweight	Jun 22, 2005
CIBC Wrld Mkts	Sector Perform	Sector Underperform	May 20, 2005
CIBC Wrld Mkts	Sector Underperform	Sector Perform	Mar 15, 2005
CSFB	Outperform	No Analyst Data	Jan 10, 2005
UBS	Neutral	Buy	Apr 08, 2004
JP Morgan	Overweight	Underweight	Sep 11, 2003
RBC Capital Mkts	Outperform	Sector Perform	Sep 04, 2003
RBC Capital Mkts	Sector Perform	Outperform	Jun 04, 2003
JP Morgan	Underweight	Overweight	Jun 02, 2003
CIBC Wrld Mkts	Sector Underperform	Sector Perform	May 15, 2003
Merrill Lynch	NT Buy/LT Buy	NT Neutral/LT Neutral	Aug 13, 2002
CIBC Wrld Mkts	Buy	No Analyst Data	Oct 19, 2001
CSFB	Buy	Hold	Dec 04, 2000
JP Morgan	Mkt Perform	LT Buy	Jun 14, 2000
Deutsche Bc Alex. Br	Buy	Strong Buy	May 24, 2000
CIBC World Markets	Buy	Strong Buy	Aug 23, 1999
Salomon Smth Brny	Neutral	No Analyst Data	Apr 15, 1999
Merrill Lynch	NT/LT Buy	No Analyst Data	Feb 25, 1999
CS First Boston	Hold	Buy	Jan 14, 1999

Trades for 18-Jul-2008