Ag Growth International Inc. (TSE:AFN) Receives Consensus Rating of “Hold” from Brokerages

Ag Growth International Inc. (TSE:AFN) has been assigned an average recommendation of “Hold” from the nine research firms that are covering the company, Marketbeat Ratings reports. Five analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is C$28.22.

A number of analysts recently issued reports on the company. Raymond James Financial dropped their price objective on Ag Growth International from C$30.00 to C$25.00 in a report on Thursday, March 26th. Canadian Imperial Bank of Commerce increased their price objective on Ag Growth International from C$19.00 to C$23.00 in a report on Friday, May 1st. National Bank Financial cut Ag Growth International from an “outperform” rating to a “hold” rating and dropped their price objective for the stock from C$39.00 to C$24.00 in a report on Wednesday, March 25th. Royal Bank Of Canada raised Ag Growth International from a “sector perform” rating to an “outperform” rating and increased their price objective for the stock from C$25.00 to C$30.00 in a report on Monday, May 11th. Finally, TD Securities dropped their price objective on Ag Growth International from C$41.00 to C$22.00 and set a “buy” rating on the stock in a report on Thursday, March 26th.

Ag Growth International Stock Performance

Shares of AFN opened at C$22.72 on Friday. The stock’s 50-day simple moving average is C$20.82 and its 200 day simple moving average is C$24.12. The stock has a market capitalization of C$428.52 million, a price-to-earnings ratio of -7.94, a price-to-earnings-growth ratio of 1.30 and a beta of 1.04. The company has a debt-to-equity ratio of 497.80, a quick ratio of 0.84 and a current ratio of 1.35. Ag Growth International has a 52-week low of C$13.60 and a 52-week high of C$44.84.

Ag Growth International (TSE:AFN) last issued its quarterly earnings data on Wednesday, May 6th. The company reported C($2.35) earnings per share (EPS) for the quarter. The company 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 EPS for the current fiscal year.

Insiders Place Their Bets

In other Ag Growth International news, Director Steven Robert Sommerfeld bought 8,000 shares of the firm’s stock in a transaction on Thursday, March 26th. The shares were acquired at an average cost of C$17.67 per share, for a total transaction of C$141,360.00. Following the purchase, the director directly owned 8,000 shares of the company’s stock, valued at C$141,360. The trade was a ∞ increase in their ownership of the stock. Also, Director Rohit Bhardwaj bought 8,500 shares of the firm’s stock in a transaction on Monday, May 11th. The stock was acquired at an average price of C$24.00 per share, for a total transaction of C$204,000.00. Following the completion of the purchase, the director directly owned 28,500 shares in the company, valued at approximately C$684,000. The trade was a 42.50% increase in their ownership of the stock. Insiders have acquired 48,500 shares of company stock worth $892,240 in the last ninety days. 1.06% of the stock is currently owned by insiders.

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.