AGT Food and Ingredients (AGT) Downgraded by National Bank Financial to “Tender”

AGT Food and Ingredients (TSE:AGT) was downgraded by equities researchers at National Bank Financial from a “sector perform” rating to a “tender” rating in a research report issued to clients and investors on Thursday. They presently have a C$18.00 price target on the stock. National Bank Financial’s target price would indicate a potential upside of 6.26% from the company’s current price.

Separately, BMO Capital Markets lowered shares of AGT Food and Ingredients from an “outperform” rating to a “market perform” rating and dropped their target price for the stock from C$20.00 to C$19.00 in a report on Tuesday, October 2nd.

Shares of AGT Food and Ingredients stock traded up C$0.02 during trading hours on Thursday, reaching C$16.94. 5,818 shares of the company’s stock were exchanged, compared to its average volume of 50,782. AGT Food and Ingredients has a 1 year low of C$13.00 and a 1 year high of C$22.70. The company has a quick ratio of 0.64, a current ratio of 1.67 and a debt-to-equity ratio of 239.16.

AGT Food and Ingredients (TSE:AGT) last released its earnings results on Monday, November 12th. The company reported C$0.19 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of C$0.03 by C$0.16. The business had revenue of C$254.75 million for the quarter, compared to analysts’ expectations of C$410.20 million. Equities analysts anticipate that AGT Food and Ingredients will post 1.1200000635461 EPS for the current fiscal year.

AGT Food and Ingredients Company Profile

AGT Food and Ingredients Inc produces and exports pulses, staple foods, and food ingredients worldwide. It operates through three segments: Pulse and Grain Processing; Bulk Handling and Distribution; and Food Ingredients and Packaged Foods. The company offers lentils, peas, chickpeas, beans, popcorn, canary seed, flax, and other specialty seeds.

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