Brokerages Set Ag Growth International Inc. (TSE:AFN) Price Target at C$23.56

Ag Growth International Inc. (TSE:AFN) has earned an average rating of “Hold” from the nine research firms that are currently covering the stock, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is C$23.56.

AFN has been the subject of a number of analyst reports. ATB Cormark Capital Markets reduced their price objective on shares of Ag Growth International from C$25.00 to C$18.00 and set a “sector perform” rating for the company in a research note on Friday, July 31st. Royal Bank Of Canada cut their price target on Ag Growth International from C$30.00 to C$20.00 and set an “outperform” rating for the company in a research note on Friday, July 31st. Desjardins decreased their price target on Ag Growth International from C$25.00 to C$20.00 and set a “buy” rating on the stock in a report on Friday, July 31st. Finally, National Bank Financial decreased their price target on Ag Growth International from C$20.00 to C$19.00 and set a “sector perform” rating on the stock in a report on Friday, July 31st.

Insider Activity

In other Ag Growth International news, Director Gary Keith Anderson bought 21,865 shares of the firm’s stock in a transaction that occurred on Friday, July 31st. The shares were bought at an average price of C$13.72 per share, with a total value of C$299,987.80. Following the purchase, the director owned 106,990 shares of the company’s stock, valued at C$1,467,902.80. This trade represents a 25.69% increase in their ownership of the stock. Corporate insiders own 1.06% of the company’s stock.

Ag Growth International Trading Up 0.2%

TSE:AFN opened at C$13.71 on Tuesday. Ag Growth International has a one year low of C$12.46 and a one year high of C$39.74. The business has a fifty day moving average price of C$15.98 and a 200-day moving average price of C$19.93. The firm has a market capitalization of C$258.84 million, a price-to-earnings ratio of -2.20, a price-to-earnings-growth ratio of 1.30 and a beta of 1.15. The company has a debt-to-equity ratio of 541.43, a current ratio of 1.30 and a quick ratio of 0.84.

Ag Growth International (TSE:AFN) last released its quarterly earnings results on Wednesday, July 29th. The company reported C($2.06) earnings per share (EPS) for the quarter. The company had revenue of C$323.18 million for the quarter. Ag Growth International had a negative net margin of 8.43% and a negative return on equity of 48.31%. Sell-side analysts forecast that Ag Growth International will post 6.5761006 EPS for the current year.

About Ag Growth International

Ag Growth International Inc is a leading manufacturer and supplier of equipment and solutions for the agriculture, fertilizer, feed, food and commercial sectors. With manufacturing facilities and operations on six continents, AGI provides complete systems and services that support producers and processors throughout the agricultural value chain.