Agrium, ticker AGU, has outperformed the S&P 500 index by over 25% over the past four weeks. Analysts have raised their earnings estimates for both the current fiscal year and next fiscal year (2009) by over 6% and 12%, respectively.
It's expected growth in earnings is nicely supplemented with attractive P/E multiples of only 22.54x their trailing four quarters of actual reported earnings. The stock has posted a stellar 28% return on equity over the past four quarters, while consistently delivering positive EPS surprises over the past nine quarters by an average of 173%!
We find this stock attractively valued and set a one-month price target of $110.
$98.09 (07/02/08)
