AGT Food and Ingredients Inc (TSE:AGT) – Stock analysts at Cormark cut their FY2018 earnings per share (EPS) estimates for shares of AGT Food and Ingredients in a research report issued to clients and investors on Tuesday. Cormark analyst K. Mcphee now forecasts that the company will earn $0.38 per share for the year, down from their previous forecast of $1.19.
Several other analysts have also weighed in on the company. Raymond James Financial reduced their price objective on AGT Food and Ingredients from C$22.00 to C$21.00 and set a “market perform” rating on the stock in a research note on Tuesday, January 9th. AltaCorp Capital lowered AGT Food and Ingredients from a “sector perform” rating to an “underperform” rating in a research note on Monday, November 6th. Scotiabank reduced their price objective on AGT Food and Ingredients from C$23.00 to C$21.50 and set a “sector perform” rating on the stock in a research note on Tuesday, November 7th. National Bank Financial reduced their price objective on AGT Food and Ingredients from C$33.00 to C$25.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 7th. Finally, CIBC reduced their price objective on AGT Food and Ingredients from C$28.00 to C$24.00 in a research note on Tuesday, November 7th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. AGT Food and Ingredients has an average rating of “Hold” and an average target price of C$23.80.
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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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