ATB Cormark Capital Markets Increases Ag Growth International (TSE:AFN) Price Target to C$25.00

Ag Growth International (TSE:AFN) had its price objective lifted by equities researchers at ATB Cormark Capital Markets from C$22.00 to C$25.00 in a research note issued on Thursday,BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the stock. ATB Cormark Capital Markets’ target price would indicate a potential upside of 14.84% from the stock’s current price.

Other research analysts have also issued research reports about the company. Royal Bank Of Canada cut their price objective on Ag Growth International from C$30.00 to C$20.00 in a research report on Wednesday, April 1st. Raymond James Financial dropped their price target on Ag Growth International from C$30.00 to C$25.00 in a research note on Thursday, March 26th. Cormark set a C$35.00 price target on Ag Growth International and gave the company a “hold” rating in a report on Monday, January 12th. National Bank Financial downgraded Ag Growth International from an “outperform” rating to a “hold” rating and reduced their price objective for the stock from C$39.00 to C$24.00 in a research note on Wednesday, March 25th. Finally, Desjardins decreased their price objective on Ag Growth International from C$47.00 to C$40.00 and set a “buy” rating on the stock in a report on Monday, January 12th. Two equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of C$26.75.

Ag Growth International Price Performance

Shares of TSE:AFN traded up C$1.76 during midday trading on Thursday, reaching C$21.77. 91,238 shares of the company were exchanged, compared to its average volume of 133,769. The company has a current ratio of 1.28, a quick ratio of 0.84 and a debt-to-equity ratio of 408.06. The business’s fifty day moving average is C$21.92 and its two-hundred day moving average is C$25.41. Ag Growth International has a one year low of C$13.60 and a one year high of C$44.84. The stock has a market cap of C$410.63 million, a PE ratio of -15.44, a price-to-earnings-growth ratio of 1.30 and a beta of 1.04.

Ag Growth International (TSE:AFN) last posted its earnings results on Wednesday, May 6th. The company reported C($2.35) earnings per share for the quarter. The company had revenue of C$282.17 million for the quarter. Ag Growth International had a negative net margin of 1.86% and a negative return on equity of 9.21%. As a group, analysts predict that Ag Growth International will post 6.5761006 earnings per share for the current year.

Insider Activity

In other Ag Growth International news, Director Steven Robert Sommerfeld purchased 8,000 shares of the stock in a transaction that occurred on Thursday, March 26th. The stock was purchased at an average price of C$17.67 per share, with a total value of C$141,360.00. Following the acquisition, the director owned 8,000 shares in the company, valued at approximately C$141,360. The trade was a ∞ increase in their ownership of the stock. Also, insider Paul Brisebois purchased 32,000 shares of the company’s stock in a transaction that occurred on Thursday, March 26th. The stock was bought at an average price of C$17.09 per share, with a total value of C$546,880.00. Following the transaction, the insider owned 48,086 shares of the company’s stock, valued at C$821,789.74. This represents a 198.93% increase in their position. 1.06% of the stock is currently owned by corporate insiders.

About Ag Growth International

Ag Growth International Inc manufactures portable and stationary grain handling, storage, and conditioning equipment, including augers, belt conveyors, grain storage bins, grain handling accessories, grain aeration equipment, and grain drying systems. The company operates mainly in Portable handling, permanent handling, storage and conditioning, livestock, and manufacturing sectors. Some of its brands are batco, wheatheart, westfield, storm, rem, hi roller, union iron, hsi, tramco, ptm, vis, nuvision, twister, grain guard, airlanco, westeel, frame, and entringer.