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

Shares of Ag Growth International Inc. (TSE:AFNGet Free Report) have been assigned an average rating of “Hold” from the nine brokerages that are covering the firm, MarketBeat.com reports. Five research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is C$28.22.

AFN has been the subject of several recent analyst reports. TD boosted their target price on Ag Growth International from C$22.00 to C$30.00 and gave the company a “buy” rating in a research report on Tuesday, May 12th. National Bank Financial lowered Ag Growth International from an “outperform” rating to a “hold” rating and lowered their price target for the company from C$39.00 to C$24.00 in a report on Wednesday, March 25th. ATB Cormark Capital Markets lifted their target price on Ag Growth International from C$22.00 to C$25.00 and gave the company a “sector perform” rating in a research report on Thursday, May 7th. Royal Bank Of Canada raised Ag Growth International from a “sector perform” rating to an “outperform” rating and lifted their target price for the company from C$25.00 to C$30.00 in a research report on Monday, May 11th. Finally, Canadian Imperial Bank of Commerce lifted their target price on Ag Growth International from C$19.00 to C$23.00 in a research report on Friday, May 1st.

View Our Latest Report on Ag Growth International

Ag Growth International Stock Up 0.1%

Shares of TSE:AFN opened at C$20.00 on Thursday. Ag Growth International has a 1 year low of C$13.60 and a 1 year high of C$44.84. The business has a 50 day simple moving average of C$21.53 and a two-hundred day simple moving average of C$23.86. The firm has a market capitalization of C$377.22 million, a PE ratio of -6.99, a price-to-earnings-growth ratio of 1.30 and a beta of 0.92. The company has a debt-to-equity ratio of 497.80, a current ratio of 1.35 and a quick ratio of 0.84.

Ag Growth International (TSE:AFNGet Free Report) last announced its earnings results on Wednesday, May 6th. The company reported C($2.35) earnings per share (EPS) for the quarter. Ag Growth International had a negative net margin of 3.80% and a negative return on equity of 20.06%. The business had revenue of C$282.17 million for the quarter. On average, equities analysts predict that Ag Growth International will post 6.5761006 EPS for the current year.

Insider Buying and Selling

In related news, Director Rohit Bhardwaj bought 8,500 shares of the company’s stock in a transaction on Monday, May 11th. The shares were acquired at an average price of C$24.00 per share, with a total value of C$204,000.00. Following the transaction, the director owned 28,500 shares of the company’s stock, valued at C$684,000. The trade was a 42.50% increase in their ownership of the stock. 1.06% of the stock is owned by company insiders.

Ag Growth International Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Ag Growth International (TSE:AFN)

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