Ag Growth International Inc. (TSE:AFN) Given Average Rating of “Hold” by Brokerages

Ag Growth International Inc. (TSE:AFN) has received a consensus rating of “Hold” from the nine analysts that are presently covering the stock, Marketbeat.com reports. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is C$28.22.

Several equities analysts recently weighed in on AFN shares. Canadian Imperial Bank of Commerce lifted their price target on Ag Growth International from C$19.00 to C$23.00 in a research note on Friday, May 1st. National Bank Financial lowered 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 research note on Wednesday, March 25th. Royal Bank Of Canada upgraded Ag Growth International from a “sector perform” rating to an “outperform” rating and lifted their price target for the company from C$25.00 to C$30.00 in a research note on Monday. ATB Cormark Capital Markets lifted their price target on Ag Growth International from C$22.00 to C$25.00 and gave the company a “sector perform” rating in a research note on Thursday, May 7th. Finally, Raymond James Financial cut their price target on Ag Growth International from C$30.00 to C$25.00 in a research note on Thursday, March 26th.

Ag Growth International Stock Performance

Shares of AFN stock opened at C$25.05 on Wednesday. The firm has a market capitalization of C$472.47 million, a price-to-earnings ratio of -8.76, a price-to-earnings-growth ratio of 1.30 and a beta of 1.04. The company has a debt-to-equity ratio of 497.80, a current ratio of 1.35 and a quick ratio of 0.84. The business has a fifty day moving average of C$21.57 and a 200 day moving average of C$25.10. Ag Growth International has a 1 year low of C$13.60 and a 1 year high of C$44.84.

Ag Growth International (TSE:AFN) last released its quarterly earnings data 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 3.80% and a negative return on equity of 20.06%. As a group, research analysts expect that Ag Growth International will post 6.5761006 earnings per share for the current year.

Insider Buying and Selling

In other news, insider Paul Brisebois acquired 32,000 shares of the stock in a transaction that occurred on Thursday, March 26th. The shares were bought at an average cost of C$17.09 per share, for a total transaction of C$546,880.00. Following the acquisition, the insider owned 48,086 shares in the company, valued at approximately C$821,789.74. This represents a 198.93% increase in their position. Also, Director Rohit Bhardwaj acquired 8,500 shares of the stock in a transaction that occurred on Monday, May 11th. The stock was purchased at an average price of C$24.00 per share, for a total transaction of C$204,000.00. Following the completion of the acquisition, the director owned 28,500 shares in the company, valued at C$684,000. The trade was a 42.50% increase in their position. In the last three months, insiders have bought 48,500 shares of company stock worth $892,240. Insiders own 1.06% of the company’s stock.

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.