Ag Growth International (TSE:AFN) Stock Jumps 13.7% – What’s Next?

Ag Growth International Inc. (TSE:AFN) shot up 13.7% during mid-day trading on Thursday. The company traded as high as C$9.20 and last traded at C$9.15. 201,245 shares were traded during mid-day trading, an increase of 36% from the average session volume of 147,470 shares. The stock had previously closed at C$8.05.

Analyst Ratings Changes

A number of analysts have recently commented on the stock. TD Securities lowered shares of Ag Growth International from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 28th. Royal Bank Of Canada decreased their target price on shares of Ag Growth International from C$30.00 to C$20.00 and set an “outperform” rating for the company in a research report on Friday, July 31st. National Bank Financial lowered their price target on shares of Ag Growth International from C$19.00 to C$11.00 and set a “sector perform” rating on the stock in a research note on Thursday, October 15th. ATB Cormark Capital Markets cut their price target on shares of Ag Growth International from C$18.00 to C$11.00 and set a “sector perform” rating on the stock in a research report on Thursday, October 1st. Finally, Desjardins reduced their price objective on shares of Ag Growth International from C$25.00 to C$20.00 and set a “buy” rating for the company in a research note on Friday, July 31st. Three equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, Ag Growth International currently has an average rating of “Hold” and a consensus target price of C$21.89.

Ag Growth International Price Performance

The stock has a market cap of C$175.77 million, a price-to-earnings ratio of -1.49, a price-to-earnings-growth ratio of 1.30 and a beta of 1.73. The company has a 50-day simple moving average of C$9.83 and a two-hundred day simple moving average of C$18.49. The company has a debt-to-equity ratio of 541.43, a quick ratio of 0.84 and a current ratio of 1.30.

Ag Growth International (TSE:AFN) last announced its quarterly earnings data on Wednesday, November 11th. The company reported C$0.16 earnings per share (EPS) for the quarter. The company had revenue of C$340.50 million for the quarter. Ag Growth International had a negative return on equity of 48.31% and a negative net margin of 8.43%. As a group, equities research analysts forecast that Ag Growth International Inc. will post 6.58 EPS for the current year.

Ag Growth International Company Profile

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.