National Bank Financial Comments on AGT Food and Ingredients Inc’s FY2016 Earnings (AGT)
AGT Food and Ingredients Inc (TSE:AGT) – Equities researchers at National Bank Financial reduced their FY2016 earnings per share estimates for shares of AGT Food and Ingredients in a research note issued on Thursday. National Bank Financial analyst G. Colman now expects that the brokerage will earn $2.02 per share for the year, down from their prior forecast of $2.17. National Bank Financial also issued estimates for AGT Food and Ingredients’ FY2017 earnings at $2.48 EPS.
Separately, Scotiabank cut their price objective on AGT Food and Ingredients from C$39.00 to C$38.00 and set a “sector perform” rating on the stock in a research report on Friday. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. AGT Food and Ingredients currently has an average rating of “Buy” and a consensus target price of C$42.60.
Shares of AGT Food and Ingredients (TSE:AGT) opened at 35.84 on Friday. The stock’s 50 day moving average price is $37.58 and its 200 day moving average price is $36.54. AGT Food and Ingredients has a 12-month low of $30.00 and a 12-month high of $42.16. The firm has a market capitalization of $857.58 million and a price-to-earnings ratio of 16.72.
AGT Food and Ingredients Company Profile
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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