Analysts Set Ag Growth International Inc. (TSE:AFN) Target Price at C$27.50

Shares of Ag Growth International Inc. (TSE:AFN) have been given an average rating of “Hold” by the eight brokerages that are currently covering the company, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is C$27.50.

AFN has been the subject of a number of research analyst reports. ATB Cormark Capital Markets downgraded shares of Ag Growth International from a “strong-buy” rating to a “moderate buy” rating and set a C$36.00 price target for the company. in a report on Wednesday, March 25th. Royal Bank Of Canada cut their price target on shares of Ag Growth International from C$30.00 to C$20.00 in a report on Wednesday, April 1st. National Bank Financial downgraded shares of Ag Growth International from an “outperform” rating to a “hold” rating and cut their price target for the company from C$39.00 to C$24.00 in a report on Wednesday, March 25th. Cormark set a C$35.00 price target on shares of Ag Growth International and gave the company a “hold” rating in a report on Monday, January 12th. Finally, TD Securities cut their price target on shares of Ag Growth International from C$41.00 to C$22.00 and set a “buy” rating for the company in a report on Thursday, March 26th.

Insider Transactions at Ag Growth International

In other Ag Growth International news, insider Paul Brisebois purchased 32,000 shares of the business’s stock in a transaction on Thursday, March 26th. The stock was bought at an average cost of C$17.09 per share, with a total value of C$546,880.00. Following the acquisition, the insider owned 48,086 shares of the company’s stock, valued at C$821,789.74. The trade was a 198.93% increase in their ownership of the stock. Also, Director Steven Robert Sommerfeld purchased 8,000 shares of the business’s stock in a transaction on Thursday, March 26th. The stock was acquired at an average cost of C$17.67 per share, with a total value of C$141,360.00. Following the completion of the acquisition, the director directly owned 8,000 shares in the company, valued at C$141,360. The trade was a ∞ increase in their position. 1.06% of the stock is currently owned by corporate insiders.

Ag Growth International Stock Performance

Shares of AFN opened at C$18.56 on Friday. The firm has a 50-day moving average price of C$23.95 and a 200 day moving average price of C$26.85. The firm has a market capitalization of C$350.04 million, a PE ratio of -13.16, a P/E/G ratio of 1.30 and a beta of 1.11. The company has a quick ratio of 0.84, a current ratio of 1.28 and a debt-to-equity ratio of 408.06. Ag Growth International has a 52-week low of C$13.60 and a 52-week high of C$44.84.

Ag Growth International (TSE:AFN) last announced its earnings results on Wednesday, March 25th. The company reported C($2.62) earnings per share (EPS) for the quarter. The company had revenue of C$395.77 million during the quarter. Ag Growth International had a negative net margin of 1.86% and a negative return on equity of 9.21%. On average, sell-side analysts anticipate that Ag Growth International will post 6.5761006 earnings per share for the current fiscal year.

Ag Growth International Company Profile

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.