Royal Bank Of Canada Issues Pessimistic Forecast for Ag Growth International (TSE:AFN) Stock Price

Ag Growth International (TSE:AFN) had its price objective dropped by analysts at Royal Bank Of Canada from C$30.00 to C$20.00 in a research note issued to investors on Wednesday,BayStreet.CA reports. Royal Bank Of Canada’s price target would indicate a potential upside of 10.38% from the stock’s current price.

A number of other research firms have also recently commented on AFN. Raymond James Financial lowered their target price on shares of Ag Growth International from C$30.00 to C$25.00 in a research note on Thursday, March 26th. Canadian Imperial Bank of Commerce decreased their price target on shares of Ag Growth International from C$32.00 to C$18.00 in a report on Thursday, March 26th. National Bank Financial downgraded shares of Ag Growth International from an “outperform” rating to a “hold” rating and lowered their price objective for the stock from C$39.00 to C$24.00 in a research note on Wednesday, March 25th. Cormark set a C$35.00 price objective on shares of Ag Growth International and gave the company a “hold” rating in a report on Monday, January 12th. Finally, Desjardins cut their target price on Ag Growth International from C$47.00 to C$40.00 and set a “buy” rating on the stock in a research report on Monday, January 12th. Three analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of C$27.50.

Ag Growth International Trading Down 1.6%

Ag Growth International stock opened at C$18.12 on Wednesday. The company has a debt-to-equity ratio of 408.06, a quick ratio of 0.84 and a current ratio of 1.28. The stock has a market cap of C$341.74 million, a PE ratio of -12.85, a price-to-earnings-growth ratio of 1.30 and a beta of 0.52. The stock has a 50-day moving average of C$26.58 and a two-hundred day moving average of C$28.34. Ag Growth International has a one year low of C$13.60 and a one year high of C$44.84.

Ag Growth International (TSE:AFN) last issued its quarterly earnings results on Wednesday, March 25th. The company reported C($2.62) earnings per share for the quarter. Ag Growth International had a negative return on equity of 9.21% and a negative net margin of 1.86%.The business had revenue of C$395.77 million for the quarter. On average, research analysts anticipate that Ag Growth International will post 6.5761006 EPS for the current fiscal year.

Insider Buying and Selling at Ag Growth International

In related news, Director Steven Robert Sommerfeld acquired 8,000 shares of Ag Growth International stock in a transaction on Thursday, March 26th. The stock was acquired at an average price of C$17.67 per share, for a total transaction of C$141,360.00. Following the purchase, the director owned 8,000 shares of the company’s stock, valued at approximately C$141,360. This represents a ∞ increase in their position. Also, insider Paul Brisebois acquired 32,000 shares of the firm’s stock in a transaction dated Thursday, March 26th. The stock was bought at an average cost of C$17.09 per share, with a total value of C$546,880.00. Following the acquisition, the insider owned 48,086 shares in the company, valued at approximately C$821,789.74. This trade represents a 198.93% increase in their ownership of the stock. 1.06% of the stock is currently owned by corporate insiders.

About Ag Growth International

Ag Growth International Inc manufactures portable and stationary grain handling, storage, and conditioning equipment, including augers, belt conveyors, grain storage bins, grain handling accessories, grain aeration equipment, and grain drying systems. The company operates mainly in Portable handling, permanent handling, storage and conditioning, livestock, and manufacturing sectors. Some of its brands are batco, wheatheart, westfield, storm, rem, hi roller, union iron, hsi, tramco, ptm, vis, nuvision, twister, grain guard, airlanco, westeel, frame, and entringer.