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

Ag Growth International Inc. (TSE:AFN) has been assigned an average recommendation of “Hold” from the nine analysts that are covering the company, Marketbeat Ratings reports. Five analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have covered the stock in the last year is C$23.56.

AFN has been the subject of several research analyst reports. TD lifted their price target on shares of Ag Growth International from C$22.00 to C$30.00 and gave the company a “buy” rating in a research note on Tuesday, May 12th. 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 research report on Friday, May 1st. National Bank Financial cut their price objective 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. Desjardins reduced their target price on 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. Finally, Royal Bank Of Canada decreased their target price on Ag Growth International from C$30.00 to C$20.00 and set an “outperform” rating for the company in a research report on Friday, July 31st.

Ag Growth International Stock Performance

Shares of AFN stock opened at C$13.95 on Friday. The firm has a 50 day moving average of C$18.36 and a 200-day moving average of C$21.79. The company has a market cap of C$263.11 million, a price-to-earnings ratio of -2.24, a price-to-earnings-growth 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. 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:AFN) last released its earnings results on Wednesday, July 29th. The company reported C($2.06) earnings per share (EPS) for the quarter. The company had revenue of C$323.18 million for the quarter. Ag Growth International had a negative net margin of 8.43% and a negative return on equity of 48.31%. On average, equities analysts forecast that Ag Growth International will post 6.5761006 earnings per share for the current year.

Insider Buying and Selling

In other Ag Growth International news, Director Gary Keith Anderson purchased 21,865 shares of the firm’s stock in a transaction on Friday, July 31st. The stock was acquired 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 of the company’s stock, valued at C$1,467,902.80. This trade represents a 25.69% increase in their position. Company insiders own 1.06% of the company’s stock.

About Ag Growth International

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.