Ag Growth International (TSE:AFN) Stock Gets Price Target Trim from National Bank Financial

Ag Growth International (TSE:AFN) had its price target reduced by National Bank Financial from C$19.00 to C$11.00 in a research report released on Thursday,BayStreet reports. They currently have a sector perform rating on the stock.

Several other equities analysts also recently commented on the stock. Royal Bank Of Canada cut their price target on shares of Ag Growth International from C$30.00 to C$20.00 and set an “outperform” rating on the stock in a report on Friday, July 31st. ATB Cormark Capital Markets reduced their price objective on shares of Ag Growth International from C$18.00 to C$11.00 and set a “sector perform” rating on the stock in a research report on Thursday, October 1st. 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 research note on Friday, July 31st. Finally, TD Securities downgraded shares of Ag Growth International from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 28th. Three analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of C$21.89.

Ag Growth International Trading Down 0.6%

AFN stock opened at C$7.21 on Thursday. The company has a quick ratio of 0.84, a current ratio of 1.30 and a debt-to-equity ratio of 541.43. Ag Growth International has a twelve month low of C$5.80 and a twelve month high of C$36.86. The stock has a market capitalization of C$136.12 million, a price-to-earnings ratio of -1.16, a price-to-earnings-growth ratio of 1.30 and a beta of 1.56. The firm’s fifty day simple moving average is C$11.57 and its two-hundred day simple moving average is C$17.08.

Ag Growth International (TSE:AFN) last announced its earnings results on Wednesday, July 29th. The company reported C($2.06) earnings per share for the quarter. The firm had revenue of C$323.18 million during the quarter. Ag Growth International had a negative net margin of 8.43% and a negative return on equity of 48.31%. As a group, analysts anticipate that Ag Growth International will post 6.58 earnings per share for the current year.

Insider Transactions at Ag Growth International

In other Ag Growth International news, Director Gary Keith Anderson bought 21,865 shares of the company’s stock in a transaction on Friday, July 31st. The shares were bought at an average cost 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 in the company, valued at approximately C$1,467,902.80. The trade was a 25.69% increase in their ownership of the stock. 1.06% of the stock is currently owned by insiders.

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.