Ag Growth International Inc. (TSE:AFN) Receives C$23.56 Consensus PT from Analysts

Shares of Ag Growth International Inc. (TSE:AFN – Get Free Report) have received an average rating of “Hold” from the nine analysts that are covering the company, 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 brokers that have covered the stock in the last year is C$23.56.

Several equities analysts have weighed in on AFN shares. Royal Bank Of Canada dropped their price objective on Ag Growth International from C$30.00 to C$20.00 and set an “outperform” rating on the stock in a research note on Friday, July 31st. Desjardins reduced their target price 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. ATB Cormark Capital Markets lowered their target price on shares of Ag Growth International from C$25.00 to C$18.00 and set a “sector perform” rating for the company in a report on Friday, July 31st. Finally, National Bank Financial dropped their price target on shares of Ag Growth International from C$20.00 to C$19.00 and set a “sector perform” rating on the stock in a research report on Friday, July 31st.

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Ag Growth International Stock Up 4.8%

AFN stock opened at C$14.37 on Tuesday. Ag Growth International has a twelve month low of C$12.46 and a twelve month high of C$39.74. 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 stock’s 50 day moving average is C$15.87 and its 200-day moving average is C$19.89. The firm has a market capitalization of C$271.31 million, a PE ratio of -2.31, a P/E/G ratio of 1.30 and a beta of 1.15.

Ag Growth International (TSE:AFN – Get Free Report) last announced its earnings results on Wednesday, July 29th. The company reported C($2.06) earnings per share (EPS) for the quarter. Ag Growth International had a negative net margin of 8.43% and a negative return on equity of 48.31%. 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 fiscal year.

Insider Buying and Selling

In other news, Director Gary Keith Anderson acquired 21,865 shares of the firm’s stock in a transaction on Friday, July 31st. The stock was purchased at an average price of C$13.72 per share, for a total transaction of C$299,987.80. Following the purchase, the director owned 106,990 shares in the company, valued at approximately C$1,467,902.80. This represents a 25.69% increase in their position. Company insiders own 1.06% of the company’s stock.

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.

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