Ag Growth International Inc. (TSE:AFN) Receives Average Rating of “Hold” from Brokerages

Shares of Ag Growth International Inc. (TSE:AFN) have earned a consensus rating of “Hold” from the nine analysts that are currently covering the firm, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is C$27.78.

AFN has been the subject of several analyst reports. Canadian Imperial Bank of Commerce upped their target price on shares of Ag Growth International from C$19.00 to C$23.00 in a research note on Friday, May 1st. Royal Bank Of Canada upgraded shares of Ag Growth International from a “sector perform” rating to an “outperform” rating and boosted their price objective for the stock from C$25.00 to C$30.00 in a report on Monday, May 11th. ATB Cormark Capital Markets upped their price objective on shares of Ag Growth International from C$22.00 to C$25.00 and gave the company a “sector perform” rating in a research report on Thursday, May 7th. National Bank Financial lowered their target price on Ag Growth International from C$24.00 to C$20.00 and set a “sector perform” rating for the company in a research note on Monday, July 13th. Finally, TD lifted their target price on Ag Growth International from C$22.00 to C$30.00 and gave the stock a “buy” rating in a research report on Tuesday, May 12th.

Ag Growth International Stock Performance

Shares of TSE:AFN opened at C$19.33 on Monday. The company has a market cap of C$364.58 million, a P/E ratio of -6.76, a PEG ratio of 1.30 and a beta of 0.99. Ag Growth International has a one year low of C$13.60 and a one year high of C$44.84. The business’s 50-day simple moving average is C$20.94 and its 200 day simple moving average is C$23.40. The company has a debt-to-equity ratio of 497.80, a quick ratio of 0.84 and a current ratio of 1.35.

Ag Growth International (TSE:AFN) last issued its quarterly earnings data on Wednesday, May 6th. The company reported C($2.35) earnings per share (EPS) for the quarter. The firm had revenue of C$282.17 million during the quarter. Ag Growth International had a negative net margin of 3.80% and a negative return on equity of 20.06%. On average, sell-side analysts forecast that Ag Growth International will post 6.5761006 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Ag Growth International news, Director Rohit Bhardwaj acquired 8,500 shares of the stock in a transaction on Monday, May 11th. The stock was purchased at an average price of C$24.00 per share, for a total transaction of C$204,000.00. Following the purchase, the director directly owned 28,500 shares in the company, valued at C$684,000. This trade represents a 42.50% increase in their ownership of the stock. Corporate insiders own 1.06% of the company’s stock.

Ag Growth International Company Profile

Ag Growth International Inc manufactures portable and stationary grain handling, storage, and conditioning equipment, including augers, belt conveyors, grain storage bins, grain handling accessories, grain aeration equipment, and grain drying systems. The company operates mainly in Portable handling, permanent handling, storage and conditioning, livestock, and manufacturing sectors. Some of its brands are batco, wheatheart, westfield, storm, rem, hi roller, union iron, hsi, tramco, ptm, vis, nuvision, twister, grain guard, airlanco, westeel, frame, and entringer.