Ag Growth International (TSE:AFN) Issues Earnings Results

Ag Growth International (TSE:AFN) announced its earnings results on Wednesday. The company reported C($2.35) earnings per share for the quarter, FiscalAI reports. Ag Growth International had a negative net margin of 1.86% and a negative return on equity of 9.21%. The business had revenue of C$282.17 million for the quarter.

Ag Growth International Stock Performance

Shares of AFN stock opened at C$20.01 on Thursday. The stock has a market capitalization of C$377.43 million, a price-to-earnings ratio of -14.19, a PEG ratio of 1.30 and a beta of 1.04. Ag Growth International has a one year low of C$13.60 and a one year high of C$44.84. The company’s 50-day simple moving average is C$21.92 and its 200-day simple moving average is C$25.41. The company has a debt-to-equity ratio of 408.06, a quick ratio of 0.84 and a current ratio of 1.28.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Cormark set a C$35.00 price target on Ag Growth International and gave the company a “hold” rating in a report on Monday, January 12th. Royal Bank Of Canada dropped their price objective on Ag Growth International from C$30.00 to C$20.00 in a report on Wednesday, April 1st. ATB Cormark Capital Markets lowered Ag Growth International from a “strong-buy” rating to a “moderate buy” rating and set a C$36.00 target price on the stock. in a research report on Wednesday, March 25th. TD Securities reduced their target price on Ag Growth International from C$41.00 to C$22.00 and set a “buy” rating for the company in a research note on Thursday, March 26th. Finally, Desjardins decreased their price target on shares of Ag Growth International from C$47.00 to C$40.00 and set a “buy” rating for the company in a research report on Monday, January 12th. Three analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Ag Growth International currently has a consensus rating of “Hold” and an average target price of C$28.13.

Insider Activity

In other news, insider Paul Brisebois bought 32,000 shares of the firm’s stock in a transaction dated Thursday, March 26th. The stock was bought at an average price of C$17.09 per share, for a total transaction of C$546,880.00. Following the transaction, the insider owned 48,086 shares in the company, valued at C$821,789.74. The trade was a 198.93% increase in their ownership of the stock. Also, Director Steven Robert Sommerfeld purchased 8,000 shares of the stock in a transaction dated Thursday, March 26th. The stock was purchased at an average price of C$17.67 per share, with a total value of C$141,360.00. Following the completion of the acquisition, the director directly owned 8,000 shares in the company, valued at approximately C$141,360. The trade was a ∞ increase in their position. 1.06% of the stock is owned by insiders.

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.