FY2018 Earnings Forecast for AGT Food and Ingredients Inc (AGT) Issued By Cormark
AGT Food and Ingredients Inc (TSE:AGT) – Investment analysts at Cormark lowered their FY2018 earnings per share (EPS) estimates for AGT Food and Ingredients in a note issued to investors on Tuesday. Cormark analyst K. Mcphee now expects that the company will post earnings per share of $0.38 for the year, down from their prior estimate of $1.19.
Other analysts have also recently issued reports about the stock. BMO Capital Markets reduced their target price on shares of AGT Food and Ingredients from C$35.00 to C$27.50 in a research note on Tuesday, November 7th. Raymond James Financial reduced their price objective on shares of AGT Food and Ingredients from C$22.00 to C$21.00 and set a “market perform” rating for the company in a research note on Tuesday, January 9th. AltaCorp Capital cut shares of AGT Food and Ingredients from a “sector perform” rating to an “underperform” rating in a research note on Monday, November 6th. CIBC reduced their price objective on shares of AGT Food and Ingredients from C$28.00 to C$24.00 in a research note on Tuesday, November 7th. Finally, National Bank Financial reduced their price objective on shares of AGT Food and Ingredients from C$33.00 to C$25.00 and set an “outperform” rating for the company in a research note on Tuesday, November 7th. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of C$23.80.
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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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