Research Analysts Issue Forecasts for AGT Food and Ingredients Inc’s Q4 2017 Earnings (AGT)

AGT Food and Ingredients Inc (TSE:AGT) – Cormark issued their Q4 2017 earnings estimates for shares of AGT Food and Ingredients in a research note issued to investors on Tuesday. Cormark analyst K. Mcphee forecasts that the company will post earnings of $0.02 per share for the quarter. Cormark also issued estimates for AGT Food and Ingredients’ FY2019 earnings at $1.19 EPS.

Several other analysts have also recently commented on AGT. Raymond James Financial decreased their price target on shares of AGT Food and Ingredients from C$30.00 to C$22.00 and set a “market perform” rating on the stock in a research note on Tuesday, November 7th. Scotiabank reduced their target price on shares of AGT Food and Ingredients from C$23.00 to C$21.50 and set a “sector perform” rating on the stock in a report on Tuesday, November 7th. BMO Capital Markets reduced their target price on shares of AGT Food and Ingredients from C$35.00 to C$27.50 in a report on Tuesday, November 7th. CIBC reduced their target price on shares of AGT Food and Ingredients from C$28.00 to C$24.00 in a report on Tuesday, November 7th. Finally, National Bank Financial reduced their target price on shares of AGT Food and Ingredients from C$33.00 to C$25.00 and set an “outperform” rating on the stock in a report on Tuesday, November 7th. One analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of C$23.80.

Shares of AGT Food and Ingredients (AGT) opened at C$20.00 on Wednesday. The company has a market cap of $484.73, a price-to-earnings ratio of -14.49 and a beta of 0.27. AGT Food and Ingredients has a one year low of C$17.85 and a one year high of C$35.53.

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About AGT Food and Ingredients

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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