Ag Growth International (TSE:AFN) Director Acquires C$299,987.80 in Stock

Ag Growth International Inc. (TSE:AFN) Director Gary Keith Anderson acquired 21,865 shares of the firm’s stock in a transaction dated Friday, July 31st. The stock was bought at an average price of C$13.72 per share, for a total transaction of C$299,987.80. Following the completion of the acquisition, the director owned 106,990 shares in the company, valued at approximately C$1,467,902.80. The trade was a 25.69% increase in their position.

Ag Growth International Stock Up 0.7%

Ag Growth International stock opened at C$15.18 on Friday. The company has a market capitalization of C$286.31 million, a PE ratio of -2.44, a price-to-earnings-growth ratio of 1.30 and a beta of 0.94. 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 fifty-two week low of C$13.25 and a fifty-two week high of C$43.40. The firm has a 50 day moving average price of C$19.48 and a 200 day moving average price of C$22.65.

Ag Growth International (TSE:AFN) last released its quarterly earnings results on Wednesday, July 29th. The company reported C($2.06) EPS for the quarter. The firm had revenue of C$323.18 million for the quarter. Ag Growth International had a negative return on equity of 48.31% and a negative net margin of 8.43%. Research analysts expect that Ag Growth International Inc. will post 6.5761006 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on AFN. Canadian Imperial Bank of Commerce increased their price target on shares of Ag Growth International from C$19.00 to C$23.00 in a research report on Friday, May 1st. TD lifted their price objective on shares of Ag Growth International from C$22.00 to C$30.00 and gave the company a “buy” rating in a report on Tuesday, May 12th. Royal Bank Of Canada cut their target price on shares of Ag Growth International from C$30.00 to C$20.00 and set an “outperform” rating on the stock in a research note on Friday, July 31st. ATB Cormark Capital Markets reduced their target price on shares of Ag Growth International from C$25.00 to C$18.00 and set a “sector perform” rating on the stock in a report on Friday, July 31st. Finally, 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 research report on Friday, July 31st. Four research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus 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.