Ag Growth International (TSE:AFN) Shares Up 13.8% – Here’s What Happened

Shares of Ag Growth International Inc. (TSE:AFN) were up 13.8% on Wednesday. The stock traded as high as C$8.28 and last traded at C$8.25. 175,149 shares traded hands during trading, an increase of 21% from the average session volume of 145,195 shares. The stock had previously closed at C$7.25.

Analyst Ratings Changes

AFN has been the subject of a number of analyst reports. ATB Cormark Capital Markets decreased their price objective on shares of Ag Growth International from C$18.00 to C$11.00 and set a “sector perform” rating for the company in a research report on Thursday, October 1st. National Bank Financial reduced their target price on Ag Growth International from C$19.00 to C$11.00 and set a “sector perform” rating for the company in a research note on Thursday, October 15th. 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 on the stock in a research report on Friday, July 31st. Desjardins cut their price target on shares of Ag Growth International from C$25.00 to C$20.00 and set a “buy” rating for the company in a report on Friday, July 31st. Finally, TD Securities cut shares of Ag Growth International from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 28th. Three equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of C$21.89.

Ag Growth International Trading Up 0.8%

The company has a debt-to-equity ratio of 541.43, a current ratio of 1.30 and a quick ratio of 0.84. The firm has a market cap of C$167.84 million, a PE ratio of -1.43, a price-to-earnings-growth ratio of 1.30 and a beta of 1.56. The company’s 50 day moving average price is C$11.07 and its 200 day moving average price is C$16.77.

Ag Growth International (TSE:AFN) last announced its quarterly earnings data 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 during the quarter. As a group, analysts forecast that Ag Growth International Inc. will post 6.58 EPS for the current fiscal year.

Insider Activity at Ag Growth International

In other Ag Growth International news, Director Gary Keith Anderson bought 21,865 shares of the business’s stock in a transaction dated Friday, July 31st. The shares were acquired at an average price of C$13.72 per share, with a total value of C$299,987.80. Following the transaction, the director owned 106,990 shares of the company’s stock, valued at approximately C$1,467,902.80. The trade was a 25.69% increase in their ownership of the stock. Insiders own 1.06% of the company’s stock.

Ag Growth International Company Profile

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.