Rohit Bhardwaj Acquires 8,500 Shares of Ag Growth International (TSE:AFN) Stock

Ag Growth International Inc. (TSE:AFN) Director Rohit Bhardwaj bought 8,500 shares of the firm’s stock in a transaction that occurred on Monday, May 11th. The shares were acquired at an average cost of C$24.00 per share, for a total transaction of C$204,000.00. Following the purchase, the director directly owned 28,500 shares in the company, valued at C$684,000. This trade represents a 42.50% increase in their position.

Ag Growth International Price Performance

AFN traded up C$1.34 on Monday, hitting C$25.04. 233,427 shares of the company’s stock traded hands, compared to its average volume of 135,699. The company’s 50 day simple moving average is C$21.63 and its 200-day simple moving average is C$25.18. The firm has a market cap of C$472.28 million, a price-to-earnings ratio of -8.76, a P/E/G ratio of 1.30 and a beta of 1.04. Ag Growth International Inc. has a one year low of C$13.60 and a one year high of C$44.84. The company has a current ratio of 1.35, a quick ratio of 0.84 and a debt-to-equity ratio of 497.80.

Ag Growth International (TSE:AFN) last issued its earnings results on Wednesday, May 6th. The company reported C($2.35) earnings per share (EPS) for the quarter. The business had revenue of C$282.17 million for the quarter. Ag Growth International had a negative net margin of 3.80% and a negative return on equity of 20.06%. As a group, research analysts anticipate that Ag Growth International Inc. will post 6.5761006 EPS for the current year.

Wall Street Analysts Forecast Growth

AFN has been the topic of several recent analyst reports. Cormark set a C$35.00 target price on Ag Growth International and gave the company a “hold” rating in a research note on Monday, January 12th. Raymond James Financial cut their price target on Ag Growth International from C$30.00 to C$25.00 in a report on Thursday, March 26th. National Bank Financial cut Ag Growth International from an “outperform” rating to a “hold” rating and cut their price target for the company from C$39.00 to C$24.00 in a report on Wednesday, March 25th. Royal Bank Of Canada upgraded Ag Growth International from a “sector perform” rating to an “outperform” rating and raised their price target for the company from C$25.00 to C$30.00 in a report on Monday. Finally, Desjardins cut their price target on Ag Growth International from C$47.00 to C$40.00 and set a “buy” rating for the company in a report on Monday, January 12th. Three equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of C$28.00.

Ag Growth International Company Profile

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.