Bradley John Wall Buys 1,000 Shares of Ag Growth International (TSE:AFN) Stock

Ag Growth International Inc. (TSE:AFN) Director Bradley John Wall bought 1,000 shares of Ag Growth International stock in a transaction dated Friday, July 31st. The stock was acquired at an average cost of C$13.75 per share, for a total transaction of C$13,750.00. Following the completion of the acquisition, the director directly owned 2,500 shares in the company, valued at C$34,375. This represents a 66.67% increase in their ownership of the stock.

Ag Growth International Trading Up 4.0%

Shares of AFN opened at C$15.08 on Friday. The stock has a fifty day moving average price of C$19.63 and a two-hundred day moving average price of C$22.71. The company has a debt-to-equity ratio of 541.43, a quick ratio of 0.84 and a current ratio of 1.30. Ag Growth International Inc. has a 52-week low of C$13.25 and a 52-week high of C$43.40. The company has a market cap of C$284.42 million, a price-to-earnings ratio of -2.42, a PEG ratio of 1.30 and a beta of 0.94.

Ag Growth International (TSE:AFN) last announced its earnings results on Wednesday, July 29th. The company reported C($2.06) EPS for the quarter. Ag Growth International had a negative return on equity of 48.31% and a negative net margin of 8.43%.The business had revenue of C$323.18 million for the quarter. Analysts predict that Ag Growth International Inc. will post 6.5761006 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. Canadian Imperial Bank of Commerce increased their price objective on shares of Ag Growth International from C$19.00 to C$23.00 in a report on Friday, May 1st. ATB Cormark Capital Markets dropped 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 research note on Friday, July 31st. TD upped their target price on shares of Ag Growth International from C$22.00 to C$30.00 and gave the stock a “buy” rating in a research report on Tuesday, May 12th. Desjardins decreased their price target on shares of Ag Growth International from C$25.00 to C$20.00 and set a “buy” rating on the stock in a research note on Friday, July 31st. Finally, Royal Bank Of Canada lowered their price target 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. Four equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, Ag Growth International presently has an average rating of “Hold” and a consensus price target of C$23.56.

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.