Brokerages Set Ag Growth International Inc. (TSE:AFN) Price Target at C$23.56

Ag Growth International Inc. (TSE:AFNGet Free Report) has been assigned a consensus recommendation of “Hold” from the nine research firms that are covering the firm, Marketbeat Ratings reports. Five analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is C$23.56.

Several equities research analysts have recently commented on the stock. TD lifted their price objective on shares of Ag Growth International from C$22.00 to C$30.00 and gave the stock a “buy” rating in a research note on Tuesday, May 12th. Desjardins cut their target price 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. National Bank Financial reduced their target price on Ag Growth International from C$20.00 to C$19.00 and set a “sector perform” rating for the company in a research note on Friday, July 31st. Canadian Imperial Bank of Commerce lifted their price target on Ag Growth International from C$19.00 to C$23.00 in a research report on Friday, May 1st. Finally, ATB Cormark Capital Markets dropped their price target on Ag Growth International from C$25.00 to C$18.00 and set a “sector perform” rating on the stock in a research note on Friday, July 31st.

Get Our Latest Stock Analysis on AFN

Insider Activity at Ag Growth International

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

Ag Growth International Stock Performance

Shares of Ag Growth International stock opened at C$14.03 on Friday. The firm has a market capitalization of C$264.62 million, a P/E ratio of -2.25, a PEG ratio of 1.30 and a beta of 0.94. 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 company has a 50 day moving average price of C$18.68 and a 200 day moving average price of C$22.02. Ag Growth International has a 52 week low of C$13.25 and a 52 week high of C$43.40.

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