Ag Growth International (TSE:AFN) Director Gary Keith Anderson Acquires 21,865 Shares of Stock

Ag Growth International Inc. (TSE:AFN) Director Gary Keith Anderson bought 21,865 shares of the firm’s stock in a transaction dated Friday, July 31st. The shares were acquired at an average price of C$13.72 per share, for a total transaction of C$299,987.80. Following the acquisition, the director directly owned 106,990 shares of the company’s stock, valued at approximately C$1,467,902.80. The trade was a 25.69% increase in their position.

Ag Growth International Trading Down 1.7%

Shares of TSE AFN opened at C$14.50 on Thursday. Ag Growth International Inc. has a 1-year low of C$13.25 and a 1-year high of C$44.24. The company has a 50-day moving average of C$19.80 and a two-hundred day moving average of C$22.81. The company has a market cap of C$273.48 million, a PE ratio of -2.33, a P/E/G ratio of 1.30 and a beta of 0.94. The company has a current ratio of 1.30, a quick ratio of 0.84 and a debt-to-equity ratio of 541.43.

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

Analyst Upgrades and Downgrades

AFN has been the topic of several recent research reports. ATB Cormark Capital Markets decreased their price target on Ag Growth International from C$25.00 to C$18.00 and set a “sector perform” rating on the stock in a report on Friday, July 31st. TD boosted 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, May 12th. National Bank Financial cut their target price on shares of Ag Growth International from C$20.00 to C$19.00 and set a “sector perform” rating on the stock in a research report on Friday, July 31st. Canadian Imperial Bank of Commerce raised 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. Finally, Desjardins lowered their price target on shares of Ag Growth International from C$25.00 to C$20.00 and set a “buy” rating for the company in a research report on Friday, July 31st. Four analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of C$23.56.

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.