Alliance Grain Traders (AGT) Posts Quarterly Earnings, Beats Expectations By $0.19 EPS
Alliance Grain Traders (TSE:AGT) issued its quarterly earnings data on Thursday. The company reported $0.44 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.25 by $0.19, AnalystRatingsNetwork.com reports.
Shares of Alliance Grain Traders (TSE:AGT) opened at 23.30 on Thursday. Alliance Grain Traders has a 52 week low of $14.26 and a 52 week high of $24.24. The stock’s 50-day moving average is $21.48 and its 200-day moving average is $19.20. The company’s market cap is $462.9 million.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, October 7th. Investors of record on Tuesday, September 30th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 2.49%.
A number of analysts have recently weighed in on AGT shares. Analysts at Canaccord Genuity raised their price target on shares of Alliance Grain Traders from C$23.50 to C$26.00 in a research note on Monday. They now have a “focus list” rating on the stock. On the ratings front, analysts at CIBC raised their price target on shares of Alliance Grain Traders from C$19.50 to C$21.00 in a research note on Wednesday, July 16th. Finally, analysts at Raymond James raised their price target on shares of Alliance Grain Traders from C$23.00 to C$26.00 in a research note on Tuesday, June 24th. They now have an “outperform” rating on the stock. One equities research analyst has rated the stock with a hold rating, one has assigned a buy rating and two have given a strong buy rating to the stock. Alliance Grain Traders presently has a consensus rating of “Buy” and a consensus target price of C$21.50.
Alliance Grain Traders Inc (TSE:AGT) through its subsidiaries is engaged in the business of sourcing and processing (cleaning, splitting, sorting and bagging) specialty crops, primarily for export markets.
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