Ag Growth International Inc. (TSE:AFN) Receives Consensus Rating of “Hold” from Brokerages

Shares of Ag Growth International Inc. (TSE:AFN) have been assigned an average recommendation of “Hold” from the nine ratings firms that are currently covering the company, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is C$27.78.

Several equities research analysts recently weighed in on AFN shares. Canadian Imperial Bank of Commerce boosted their price objective on Ag Growth International from C$19.00 to C$23.00 in a research note on Friday, May 1st. National Bank Financial dropped their price objective on shares of Ag Growth International from C$24.00 to C$20.00 and set a “sector perform” rating on the stock in a report on Monday, July 13th. Royal Bank Of Canada upgraded shares of Ag Growth International from a “sector perform” rating to an “outperform” rating and increased their target price for the stock from C$25.00 to C$30.00 in a research report on Monday, May 11th. ATB Cormark Capital Markets lifted 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 research note on Thursday, May 7th. Finally, TD boosted 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 report on Tuesday, May 12th.

Ag Growth International Stock Performance

TSE:AFN opened at C$19.33 on Monday. The company has a debt-to-equity ratio of 497.80, a current ratio of 1.35 and a quick ratio of 0.84. The business has a fifty day simple moving average of C$20.94 and a two-hundred day simple moving average of C$23.40. Ag Growth International has a 1 year low of C$13.60 and a 1 year high of C$44.84. The company has a market capitalization of C$364.58 million, a P/E ratio of -6.76, a P/E/G ratio of 1.30 and a beta of 0.99.

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

Insiders Place Their Bets

In other Ag Growth International news, Director Rohit Bhardwaj acquired 8,500 shares of Ag Growth International stock in a transaction that occurred on Monday, May 11th. The stock was acquired at an average cost of C$24.00 per share, for a total transaction of C$204,000.00. Following the purchase, the director owned 28,500 shares of the company’s stock, valued at approximately C$684,000. This represents a 42.50% increase in their ownership of the stock. Corporate insiders own 1.06% of the company’s stock.

Ag Growth International Company Profile

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.