Ag Growth International Inc. (TSE:AFN) Stock Now Rated “Hold” by Wall Street Brokerages

Ag Growth International Inc. (TSE:AFN – Get Free Report) has been assigned a consensus rating of “Hold” from the nine research firms that are presently covering the stock, MarketBeat reports. Six investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is C$22.78.

AFN has been the subject of several research analyst reports. Royal Bank Of Canada cut their price target on Ag Growth International from C$30.00 to C$20.00 and set an “outperform” rating for the company in a report on Friday, July 31st. TD Securities cut shares of Ag Growth International from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 28th. ATB Cormark Capital Markets reduced their target price 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 report on Thursday, October 1st. National Bank Financial dropped their price target on Ag Growth International from C$20.00 to C$19.00 and set a “sector perform” rating for the company in a research report on Friday, July 31st. Finally, Desjardins reduced their price objective on Ag Growth International from C$25.00 to C$20.00 and set a “buy” rating on the stock in a research note on Friday, July 31st.

View Our Latest Stock Report on AFN

Insider Buying and Selling

In other news, Director Gary Keith Anderson acquired 21,865 shares of the company’s stock in a transaction on Friday, July 31st. The stock was bought at an average cost of C$13.72 per share, with a total value of C$299,987.80. Following the completion of the purchase, the director directly owned 106,990 shares of the company’s stock, valued at C$1,467,902.80. This represents a 25.69% increase in their ownership of the stock. 1.06% of the stock is owned by insiders.

Ag Growth International Price Performance

Shares of TSE:AFN opened at C$7.26 on Friday. The firm has a market cap of C$137.07 million, a price-to-earnings ratio of -1.17, a P/E/G ratio of 1.30 and a beta of 1.56. The firm has a fifty day moving average price of C$12.57 and a 200 day moving average price of C$17.73. Ag Growth International has a fifty-two week low of C$5.80 and a fifty-two week high of C$37.09. 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 – Get Free Report) last released its quarterly earnings data on Wednesday, July 29th. The company reported C($2.06) EPS for the quarter. The company had revenue of C$323.18 million for the quarter. Ag Growth International had a negative net margin of 8.43% and a negative return on equity of 48.31%. As a group, sell-side analysts expect that Ag Growth International will post 6.5761006 earnings per share for the current fiscal year.

Ag Growth International Company Profile

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Ag Growth International (TSE:AFN)

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