Ag Growth International (TSE:AFN) Stock Gets Price Target Cut from National Bank Financial

Ag Growth International (TSE:AFN – Get Free Report) had its target price lowered by equities researchers at National Bank Financial from C$19.00 to C$11.00 in a research report issued on Thursday, BayStreet reports. The brokerage presently has a “sector perform” rating on the stock. National Bank Financial’s price target points to a potential upside of 49.46% from the stock’s previous close.

Other equities research analysts have also issued research reports about the stock. ATB Cormark Capital Markets reduced their price target on shares of Ag Growth International from C$18.00 to C$11.00 and set a “sector perform” rating for the company in a research report on Thursday, October 1st. TD Securities downgraded shares of Ag Growth International from a “strong-buy” rating to a “hold” rating in a report on Monday, September 28th. Desjardins lowered 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 report on Friday, July 31st. Finally, Royal Bank Of Canada dropped their price objective on shares of 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. Three equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of C$21.89.

View Our Latest Stock Analysis on AFN

Ag Growth International Trading Up 2.4%

Shares of AFN traded up C$0.17 during mid-day trading on Thursday, hitting C$7.36. 169,056 shares of the company’s stock traded hands, compared to its average volume of 144,261. The business’s 50-day moving average price is C$11.89 and its 200-day moving average price is C$17.22. Ag Growth International has a 1 year low of C$5.80 and a 1 year high of C$36.86. The company has a quick ratio of 0.84, a current ratio of 1.30 and a debt-to-equity ratio of 541.43. The firm has a market capitalization of C$138.96 million, a P/E ratio of -1.18, a PEG ratio of 1.30 and a beta of 1.56.

Ag Growth International (TSE:AFN – Get Free Report) last released 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 during 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 forecast that Ag Growth International will post 6.58 EPS for the current fiscal year.

Insider Buying and Selling at Ag Growth International

In other news, Director Gary Keith Anderson bought 21,865 shares of the company’s stock in a transaction that occurred on Friday, July 31st. The shares were purchased at an average price of C$13.72 per share, for a total transaction of C$299,987.80. Following the completion of the transaction, the director directly owned 106,990 shares in the company, valued at approximately 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 company insiders.

About Ag Growth International

(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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