Ag Growth International (TSE:AFN) Issues Earnings Results

Ag Growth International (TSE:AFN) posted its quarterly earnings results on Wednesday. The company reported C$0.16 EPS for the quarter, FiscalAI reports. The business had revenue of C$340.50 million for the quarter. Ag Growth International had a negative net margin of 8.43% and a negative return on equity of 48.31%.

Ag Growth International Trading Down 3.8%

Shares of Ag Growth International stock opened at C$8.05 on Thursday. Ag Growth International has a 1 year low of C$5.80 and a 1 year high of C$33.26. The company has a current ratio of 1.30, a quick ratio of 0.84 and a debt-to-equity ratio of 541.43. The firm has a market capitalization of C$151.98 million, a PE ratio of -1.29, a price-to-earnings-growth ratio of 1.30 and a beta of 1.73. The firm’s 50 day moving average is C$9.83 and its 200 day moving average is C$18.49.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. National Bank Financial lowered their price target on shares of Ag Growth International from C$19.00 to C$11.00 and set a “sector perform” rating on the stock in a report on Thursday, October 15th. Royal Bank Of Canada lowered their price objective 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. ATB Cormark Capital Markets reduced their target price on Ag Growth International from C$18.00 to C$11.00 and set a “sector perform” rating on the stock in a report on Thursday, October 1st. Desjardins decreased 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 report on Monday, September 28th. Three research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of C$21.89.

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.