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

Shares of Ag Growth International Inc. (TSE:AFN) have been given an average rating of “Hold” by the nine ratings firms that are covering the stock, Marketbeat reports. Five investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is C$28.22.

A number of research firms have recently weighed in on AFN. Raymond James Financial cut their price objective on shares of Ag Growth International from C$30.00 to C$25.00 in a research note on Thursday, March 26th. TD Securities cut their price objective on shares of Ag Growth International from C$41.00 to C$22.00 and set a “buy” rating on the stock in a research note on Thursday, March 26th. Canadian Imperial Bank of Commerce increased their price objective on shares of Ag Growth International from C$19.00 to C$23.00 in a research note on Friday, May 1st. National Bank Financial lowered shares of Ag Growth International from an “outperform” rating to a “hold” rating and cut their price objective for the stock from C$39.00 to C$24.00 in a research note on Wednesday, March 25th. Finally, TD increased their price target on shares of Ag Growth International from C$22.00 to C$30.00 and gave the stock a “buy” rating in a report on Tuesday, May 12th.

Insider Transactions at Ag Growth International

In other news, Director Rohit Bhardwaj purchased 8,500 shares of the stock in a transaction that occurred on Monday, May 11th. The shares were purchased at an average cost of C$24.00 per share, with a total value of C$204,000.00. Following the completion of the acquisition, the director owned 28,500 shares of the company’s stock, valued at approximately C$684,000. This represents a 42.50% increase in their position. Company insiders own 1.06% of the company’s stock.

Ag Growth International Stock Down 0.9%

TSE:AFN opened at C$20.43 on Thursday. The firm has a market capitalization of C$385.33 million, a P/E ratio of -7.14, a PEG ratio of 1.30 and a beta of 0.92. Ag Growth International has a 1-year low of C$13.60 and a 1-year high of C$44.84. The company’s fifty day moving average price is C$21.42 and its 200-day moving average price is C$23.89. The company has a debt-to-equity ratio of 497.80, a current ratio of 1.35 and a quick ratio of 0.84.

Ag Growth International (TSE:AFN) last released its quarterly earnings data on Wednesday, May 6th. The company reported C($2.35) earnings per share for the quarter. The business had revenue of C$282.17 million during the quarter. Ag Growth International had a negative return on equity of 20.06% and a negative net margin of 3.80%. As a group, equities research analysts anticipate that Ag Growth International will post 6.5761006 EPS for the current 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.