NEW YORK ( TheStreet) -- Agrium (NYSE: AGU) hit a new 52-week high Wednesday as it traded at $97.13 compared with its previous 52-Week high of $95.80. Agrium is changing hands at $96.75 with 480,639 shares traded as of 9:35 a.m. ET. Average volume has been two million shares over the past 30 days. Agrium has a market cap of $14.8 billion and is part of the basic materials sector and chemicals industry. Shares are up 1.8% year to date as of the close of trading on Tuesday.

Agrium Inc., together with its subsidiaries, 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 Americas. The company has a P/E ratio of 25.1, equal to the average chemicals industry P/E ratio and above the S&P 500 P/E ratio of 23.4.

TheStreet Ratings rates Agrium as a buy. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance and reasonable valuation levels. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Agrium Ratings Report.