Ag Growth International Inc. (TSE:AFN) Stock Has Average Target Price of C$22.78

Shares of Ag Growth International Inc. (TSE:AFN) have been assigned an average recommendation of “Hold” from the nine ratings firms that are presently covering the stock, MarketBeat.com reports. Six research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is C$22.78.

A number of equities research analysts have issued reports on AFN shares. ATB Cormark Capital Markets decreased their target price on Ag Growth International from C$18.00 to C$11.00 and set a “sector perform” rating for the company in a research report on Thursday, October 1st. TD Securities cut shares of Ag Growth International from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 28th. Desjardins decreased their price objective on shares of Ag Growth International from C$25.00 to C$20.00 and set a “buy” rating for the company in a report on Friday, July 31st. Royal Bank Of Canada lowered their target price on shares of Ag Growth International from C$30.00 to C$20.00 and set an “outperform” rating on the stock in a research note on Friday, July 31st. Finally, National Bank Financial dropped 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 report on Friday, July 31st.

Ag Growth International Price Performance

Shares of TSE:AFN opened at C$7.44 on Friday. The stock has a market capitalization of C$140.47 million, a P/E ratio of -1.19, a P/E/G ratio of 1.30 and a beta of 1.56. The business has a 50-day moving average of C$13.05 and a two-hundred day moving average of C$17.99. Ag Growth International has a fifty-two week low of C$5.80 and a fifty-two week high of C$38.09. 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 issued its quarterly earnings data 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. On average, equities research analysts predict that Ag Growth International will post 6.5761006 EPS for the current fiscal year.

Insider Activity

In other Ag Growth International news, Director Gary Keith Anderson acquired 21,865 shares of the company’s stock in a transaction dated Friday, July 31st. The shares were acquired at an average cost of C$13.72 per share, for a total transaction of C$299,987.80. Following the completion of the purchase, the director owned 106,990 shares of the company’s stock, valued at approximately C$1,467,902.80. This trade represents a 25.69% increase in their position. Corporate insiders own 1.06% of the company’s stock.

Ag Growth International Company Profile

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.