Ag Growth International Inc. (TSE:AFN) Given Average Rating of “Hold” by Brokerages

Shares of Ag Growth International Inc. (TSE:AFN) have earned a consensus recommendation of “Hold” from the nine research firms that are covering the stock, MarketBeat reports. Five research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is C$27.78.

AFN has been the topic of several recent analyst reports. National Bank Financial reduced their price objective on shares of Ag Growth International from C$24.00 to C$20.00 and set a “sector perform” rating on the stock in a research note on Monday, July 13th. Royal Bank Of Canada raised shares of Ag Growth International from a “sector perform” rating to an “outperform” rating and lifted their target price for the stock from C$25.00 to C$30.00 in a research note on Monday, May 11th. ATB Cormark Capital Markets boosted their price target on Ag Growth International from C$22.00 to C$25.00 and gave the company a “sector perform” rating in a report on Thursday, May 7th. TD boosted their price target on Ag Growth International from C$22.00 to C$30.00 and gave the company a “buy” rating in a report on Tuesday, May 12th. Finally, Canadian Imperial Bank of Commerce increased their price target on Ag Growth International from C$19.00 to C$23.00 in a research note on Friday, May 1st.

Insider Activity at Ag Growth International

In other Ag Growth International news, Director Rohit Bhardwaj bought 8,500 shares of the company’s stock in a transaction that occurred on Monday, May 11th. The stock was purchased at an average cost of C$24.00 per share, for a total transaction of C$204,000.00. Following the completion of the purchase, the director owned 28,500 shares of the company’s stock, valued at C$684,000. This trade represents a 42.50% increase in their position. 1.06% of the stock is currently owned by corporate insiders.

Ag Growth International Stock Performance

Shares of AFN stock opened at C$20.22 on Monday. The company has a market capitalization of C$381.37 million, a price-to-earnings ratio of -7.07, a PEG ratio of 1.30 and a beta of 0.99. The company has a current ratio of 1.35, a quick ratio of 0.84 and a debt-to-equity ratio of 497.80. The firm has a 50-day moving average price of C$21.49 and a 200 day moving average price of C$23.53. Ag Growth International has a twelve month low of C$13.60 and a twelve month high of C$44.84.

Ag Growth International (TSE:AFN) last released its quarterly earnings results on Wednesday, May 6th. The company reported C($2.35) earnings per share (EPS) for the quarter. The firm had revenue of C$282.17 million for the quarter. Ag Growth International had a negative return on equity of 20.06% and a negative net margin of 3.80%. Research analysts forecast that Ag Growth International will post 6.5761006 earnings per share for the current fiscal year.

Ag Growth International Company Profile

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.