National Bank Financial Comments on AGT Food and Ingredients Inc’s FY2019 Earnings (AGT)
AGT Food and Ingredients Inc (TSE:AGT) – Investment analysts at National Bank Financial lowered their FY2019 earnings per share (EPS) estimates for shares of AGT Food and Ingredients in a note issued to investors on Thursday. National Bank Financial analyst G. Colman now expects that the company will earn $1.05 per share for the year, down from their prior estimate of $1.27.
AGT has been the topic of a number of other research reports. CIBC reduced their target price on AGT Food and Ingredients from C$24.00 to C$20.00 in a report on Monday, March 5th. BMO Capital Markets reduced their target price on AGT Food and Ingredients from C$27.50 to C$22.00 in a report on Thursday, March 8th. Finally, Raymond James Financial reduced their target price 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. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of C$21.90.
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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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