FY2017 EPS Estimates for AGT Food and Ingredients Inc Lowered by Cormark (AGT)
AGT Food and Ingredients Inc (TSE:AGT) – Equities research analysts at Cormark lowered their FY2017 earnings per share (EPS) estimates for shares of AGT Food and Ingredients in a research note issued to investors on Tuesday. Cormark analyst K. Mcphee now anticipates that the company will post earnings of $1.93 per share for the year, down from their previous forecast of $2.46. Cormark also issued estimates for AGT Food and Ingredients’ FY2018 earnings at $2.49 EPS.
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Other equities research analysts also recently issued reports about the company. National Bank Financial decreased their price objective on AGT Food and Ingredients from C$42.00 to C$36.00 in a report on Friday, May 5th. BMO Capital Markets decreased their price objective on AGT Food and Ingredients from C$40.00 to C$35.00 in a report on Tuesday. CIBC decreased their price objective on AGT Food and Ingredients from C$39.00 to C$33.00 in a report on Tuesday. Raymond James Financial, Inc. downgraded AGT Food and Ingredients from an “outperform” rating to a “market perform” rating in a report on Monday. Finally, AltaCorp Capital reissued an “outperform” rating on shares of AGT Food and Ingredients in a report on Wednesday, March 8th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. AGT Food and Ingredients has a consensus rating of “Hold” and a consensus price target of C$36.42.
Shares of AGT Food and Ingredients (TSE:AGT) traded down 1.79% during trading on Thursday, hitting $25.22. 34,996 shares of the company traded hands. The stock’s market capitalization is $604.75 million. AGT Food and Ingredients has a 52-week low of $24.70 and a 52-week high of $40.75. The company has a 50-day moving average of $29.78 and a 200-day moving average of $33.97.
In related news, Director Gregory Shawn Stewart purchased 1,000 shares of the business’s stock in a transaction dated Friday, March 24th. The stock was acquired at an average price of C$31.64 per share, for a total transaction of C$31,640.00. Also, insider Murad Al-Katib purchased 1,500 shares of the business’s stock in a transaction dated Tuesday, May 9th. The shares were bought at an average price of C$25.23 per share, with a total value of C$37,845.00. Insiders have bought 8,597 shares of company stock valued at $227,408 in the last 90 days.
The business also recently declared a quarterly dividend, which was paid on Wednesday, April 12th. Stockholders of record on Wednesday, April 12th were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 2.34%. The ex-dividend date of this dividend was Monday, April 3rd.
AGT Food and Ingredients Company Profile
AGT Food and Ingredients Inc (AGT), formerly Alliance Grain Traders Inc, is a processor and splitter of pulse crops. The Company is engaged in pulse and staple food processing and distribution, with processing facilities and sales offices located around the world. It operates in three segments: Pulse and Grain Processing, which includes the operations of AGT subsidiaries and facilities in Canada, the United States, Australia, China and a portion of the operations in Turkey; Trading and Distribution, which includes operations in Europe, Russia, India and a portion of the operations in Canada, Turkey and Australia, and Food Ingredients and Packaged Foods, which include subsidiaries and facilities in the United States, Canada, South Africa and a portion of the operations in Turkey.
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