FY2018 EPS Estimates for Ag Growth International Inc (AFN) Lowered by National Bank Financial

Ag Growth International Inc (TSE:AFN) – Research analysts at National Bank Financial reduced their FY2018 earnings estimates for Ag Growth International in a research note issued to investors on Wednesday. National Bank Financial analyst G. Colman now forecasts that the company will earn $2.42 per share for the year, down from their previous forecast of $2.53. National Bank Financial currently has a “Outperform” rating and a $65.00 target price on the stock.

Other equities analysts also recently issued reports about the stock. Scotiabank set a C$62.00 price target on shares of Ag Growth International and gave the company an “outperform” rating in a report on Thursday. Raymond James Financial cut their price target on shares of Ag Growth International from C$63.00 to C$60.00 and set an “outperform” rating for the company in a report on Wednesday, November 15th. Laurentian Bank of Canada cut their price target on shares of Ag Growth International from C$70.00 to C$63.00 in a report on Monday, November 13th. Laurentian cut their price target on shares of Ag Growth International from C$70.00 to C$63.00 in a report on Monday, November 13th. Finally, TD Securities cut their price target on shares of Ag Growth International from C$72.00 to C$68.00 and set an “action list buy” rating for the company in a report on Monday, November 13th. Eight equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of C$63.25.

Shares of Ag Growth International (TSE:AFN) traded up C$0.67 during trading on Friday, hitting C$53.79. 55,866 shares of the stock traded hands, compared to its average volume of 35,576. Ag Growth International has a 1-year low of C$47.08 and a 1-year high of C$60.26. The firm has a market cap of $868.48, a price-to-earnings ratio of 35.62 and a beta of 1.29.

In other Ag Growth International news, insider Timothy Jackson Close purchased 1,298 shares of the company’s stock in a transaction that occurred on Tuesday, November 14th. The stock was acquired at an average cost of C$50.24 per share, with a total value of C$65,211.52. Also, Director Gary Keith Anderson sold 6,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 19th. The stock was sold at an average price of C$53.45, for a total transaction of C$320,700.00.

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About Ag Growth International

Ag Growth International Inc is a Canada-based manufacturer of agricultural equipment. The Company focuses on grain handling, storage and conditioning products. The Company’s products service both Farm and Commercial markets, and sells to farmers, contractors and corporate entities. The Company manufactures in Canada, the United States and Europe.

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