Rohit Bhardwaj Buys 8,500 Shares of Ag Growth International (TSE:AFN) Stock

Ag Growth International Inc. (TSE:AFN) Director Rohit Bhardwaj purchased 8,500 shares of the company’s stock in a transaction dated Monday, May 11th. The shares were bought at an average price of C$24.00 per share, for a total transaction of C$204,000.00. Following the completion of the transaction, the director directly owned 28,500 shares in the company, valued at approximately C$684,000. This trade represents a 42.50% increase in their position.

Ag Growth International Stock Up 0.0%

Shares of Ag Growth International stock opened at C$25.05 on Wednesday. The company has a current ratio of 1.35, a quick ratio of 0.84 and a debt-to-equity ratio of 497.80. The business’s 50 day simple moving average is C$21.57 and its 200-day simple moving average is C$25.10. The stock has a market capitalization of C$472.47 million, a price-to-earnings ratio of -8.76, a PEG ratio of 1.30 and a beta of 1.04. Ag Growth International Inc. has a twelve month low of C$13.60 and a twelve month high of C$44.84.

Ag Growth International (TSE:AFN) last announced its quarterly earnings results on Wednesday, May 6th. The company reported C($2.35) earnings per share for the quarter. The company had revenue of C$282.17 million for the quarter. Ag Growth International had a negative return on equity of 20.06% and a negative net margin of 3.80%. Equities research analysts forecast that Ag Growth International Inc. will post 6.5761006 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages recently issued reports on AFN. Royal Bank Of Canada raised Ag Growth International from a “sector perform” rating to an “outperform” rating and increased their price objective for the stock from C$25.00 to C$30.00 in a report on Monday. TD increased their price objective on Ag Growth International from C$22.00 to C$30.00 and gave the stock a “buy” rating in a report on Tuesday. TD Securities decreased their price objective on Ag Growth International from C$41.00 to C$22.00 and set a “buy” rating for the company in a report on Thursday, March 26th. National Bank Financial lowered Ag Growth International from an “outperform” rating to a “hold” rating and decreased their price objective for the stock from C$39.00 to C$24.00 in a report on Wednesday, March 25th. Finally, ATB Cormark Capital Markets increased their price objective on Ag Growth International from C$22.00 to C$25.00 and gave the stock a “sector perform” rating in a report on Thursday, May 7th. Four analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of C$28.22.

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.