Shares of AGT Food and Ingredients Inc (TSE:AGT) have been assigned an average recommendation of “Hold” from the six analysts that are presently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is C$23.80.

A number of research firms recently commented on AGT. BMO Capital Markets lowered their price target on AGT Food and Ingredients from C$35.00 to C$27.50 in a report on Tuesday, November 7th. Raymond James Financial lowered their price target on AGT Food and Ingredients from C$22.00 to C$21.00 and set a “market perform” rating on the stock in a report on Tuesday, January 9th. AltaCorp Capital cut AGT Food and Ingredients from a “sector perform” rating to an “underperform” rating in a report on Monday, November 6th. CIBC lowered their price target on AGT Food and Ingredients from C$28.00 to C$24.00 in a report on Tuesday, November 7th. Finally, National Bank Financial lowered their price target on AGT Food and Ingredients from C$33.00 to C$25.00 and set an “outperform” rating on the stock in a report on Tuesday, November 7th.

AGT Food and Ingredients (TSE AGT) traded down C$0.52 during midday trading on Friday, reaching C$21.46. The company had a trading volume of 63,786 shares, compared to its average volume of 69,794. AGT Food and Ingredients has a one year low of C$17.85 and a one year high of C$37.46. The stock has a market cap of $520.12, a PE ratio of -15.55 and a beta of 0.22.

AGT Food and Ingredients (TSE:AGT) last posted its quarterly earnings results on Monday, November 6th. The company reported C($0.06) EPS for the quarter, missing the Zacks’ consensus estimate of C$0.19 by C($0.25). AGT Food and Ingredients had a negative return on equity of 21.73% and a negative net margin of 4.53%.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 11th. Stockholders of record on Friday, December 29th were issued a dividend of $0.15 per share. The ex-dividend date was Thursday, December 28th. This represents a $0.60 annualized dividend and a dividend yield of 2.80%. AGT Food and Ingredients’s dividend payout ratio (DPR) is -43.48%.

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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.

Analyst Recommendations for AGT Food and Ingredients (TSE:AGT)

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