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

Ag Growth International Inc. (TSE:AFN) has earned an average recommendation of “Hold” from the nine analysts that are presently covering the company, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is C$23.56.

AFN has been the topic of several recent research reports. Desjardins decreased their price objective on shares of Ag Growth International from C$25.00 to C$20.00 and set a “buy” rating on the stock in a research report on Friday, July 31st. Canadian Imperial Bank of Commerce raised their target price on shares of Ag Growth International from C$19.00 to C$23.00 in a report on Friday, May 1st. ATB Cormark Capital Markets cut their target price on shares of Ag Growth International from C$25.00 to C$18.00 and set a “sector perform” rating for the company in a research report on Friday, July 31st. Royal Bank Of Canada reduced their price target on shares of Ag Growth International from C$30.00 to C$20.00 and set an “outperform” rating on the stock in a report on Friday, July 31st. Finally, National Bank Financial lowered their price target on shares of Ag Growth International from C$20.00 to C$19.00 and set a “sector perform” rating on the stock in a research report on Friday, July 31st.

Ag Growth International Stock Performance

TSE AFN opened at C$12.61 on Friday. Ag Growth International has a 1-year low of C$12.58 and a 1-year high of C$43.40. The company has a market capitalization of C$237.84 million, a P/E ratio of -2.02, a PEG ratio of 1.30 and a beta of 0.94. The business has a 50 day moving average price of C$18.05 and a 200 day moving average price of C$21.56. The company has a debt-to-equity ratio of 541.43, a current ratio of 1.30 and a quick ratio of 0.84.

Ag Growth International (TSE:AFN) last posted its earnings results on Wednesday, July 29th. The company reported C($2.06) EPS for the quarter. The firm had revenue of C$323.18 million for the quarter. Ag Growth International had a negative return on equity of 48.31% and a negative net margin of 8.43%. Sell-side analysts expect that Ag Growth International will post 6.5761006 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Gary Keith Anderson purchased 21,865 shares of the company’s stock in a transaction on Friday, July 31st. The stock was bought at an average price of C$13.72 per share, with a total value of C$299,987.80. Following the completion of the transaction, the director owned 106,990 shares of the company’s stock, valued at approximately C$1,467,902.80. This represents a 25.69% increase in their position. Company insiders own 1.06% of the company’s stock.

About Ag Growth International

Ag Growth International Inc is a leading manufacturer and supplier of equipment and solutions for the agriculture, fertilizer, feed, food and commercial sectors. With manufacturing facilities and operations on six continents, AGI provides complete systems and services that support producers and processors throughout the agricultural value chain.