Insider Buying: Ag Growth International (TSE:AFN) Director Purchases C$204,000.00 in Stock

Ag Growth International Inc. (TSE:AFN) Director Rohit Bhardwaj purchased 8,500 shares of the firm’s stock in a transaction dated Monday, May 11th. The shares were bought at an average cost of C$24.00 per share, for a total transaction of C$204,000.00. Following the completion of the purchase, the director directly owned 28,500 shares of the company’s stock, valued at C$684,000. The trade was a 42.50% increase in their ownership of the stock.

Ag Growth International Trading Up 0.4%

Shares of TSE AFN opened at C$25.15 on Thursday. The company’s 50 day simple moving average is C$21.50 and its 200 day simple moving average is C$25.02. Ag Growth International Inc. has a fifty-two week low of C$13.60 and a fifty-two week high of C$44.84. The firm has a market capitalization of C$474.35 million, a P/E ratio of -8.79, a P/E/G ratio of 1.30 and a beta of 1.04. The company has a debt-to-equity ratio of 497.80, a current ratio of 1.35 and a quick ratio of 0.84.

Ag Growth International (TSE:AFN) last announced its quarterly earnings data on Wednesday, May 6th. The company reported C($2.35) earnings per share for the quarter. Ag Growth International had a negative net margin of 3.80% and a negative return on equity of 20.06%. The business had revenue of C$282.17 million during the quarter. On average, analysts predict that Ag Growth International Inc. will post 6.5761006 EPS for the current year.

Wall Street Analyst Weigh In

AFN has been the topic of several analyst reports. ATB Cormark Capital Markets increased their target price on shares of Ag Growth International from C$22.00 to C$25.00 and gave the stock a “sector perform” rating in a report on Thursday, May 7th. TD Securities dropped their price objective on shares of Ag Growth International from C$41.00 to C$22.00 and set a “buy” rating on the stock in a report on Thursday, March 26th. TD raised 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 report on Tuesday. Raymond James Financial reduced their price objective on shares of Ag Growth International from C$30.00 to C$25.00 in a research note on Thursday, March 26th. Finally, National Bank Financial downgraded Ag Growth International from an “outperform” rating to a “hold” rating and lowered their target price for the company from C$39.00 to C$24.00 in a research report on Wednesday, March 25th. Four research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, Ag Growth International presently has an average rating of “Hold” and a consensus target price of C$28.22.

About Ag Growth International

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.