Q3 2016 EPS Estimates for AGT Food and Ingredients Inc Decreased by Analyst (AGT)
AGT Food and Ingredients Inc (TSE:AGT) – Stock analysts at Raymond James Financial dropped their Q3 2016 EPS estimates for shares of AGT Food and Ingredients in a note issued to investors on Tuesday. Raymond James Financial analyst S. Hansen now anticipates that the firm will post earnings per share of $0.53 for the quarter, down from their prior estimate of $0.58. Raymond James Financial also issued estimates for AGT Food and Ingredients’ Q4 2016 earnings at $0.88 EPS and FY2016 earnings at $2.16 EPS.
Several other equities analysts also recently weighed in on AGT. CIBC raised their price target on AGT Food and Ingredients from C$39.00 to C$45.00 in a report on Friday, June 24th. AltaCorp Capital reduced their price target on AGT Food and Ingredients from C$46.50 to C$46.00 and set an “outperform” rating for the company in a report on Monday, June 27th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of C$42.60.
Shares of AGT Food and Ingredients (TSE:AGT) traded down 0.54% during mid-day trading on Thursday, reaching $38.68. 21,443 shares of the company’s stock were exchanged. The company has a market cap of $925.54 million and a PE ratio of 25.05. AGT Food and Ingredients has a 52-week low of $27.81 and a 52-week high of $42.16. The company’s 50-day moving average price is $37.19 and its 200 day moving average price is $36.72.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 11th. Investors of record on Tuesday, October 11th were given a dividend of $0.15 per share. The ex-dividend date was Wednesday, September 28th. This represents a $0.60 annualized dividend and a dividend yield of 1.54%.
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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