Analysts Set Ag Growth International Inc. (TSE:AFN) PT at C$28.22

Shares of Ag Growth International Inc. (TSE:AFN) have been given a consensus rating of “Hold” by the nine analysts that are currently covering the company, Marketbeat reports. Five analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is C$28.22.

AFN has been the topic of a number of recent research reports. Royal Bank Of Canada upgraded Ag Growth International from a “sector perform” rating to an “outperform” rating and boosted their price objective for the stock from C$25.00 to C$30.00 in a research note on Monday, May 11th. National Bank Financial downgraded Ag Growth International from an “outperform” rating to a “hold” rating and dropped their target price for the company from C$39.00 to C$24.00 in a report on Wednesday, March 25th. Canadian Imperial Bank of Commerce boosted their price target on Ag Growth International from C$19.00 to C$23.00 in a research report on Friday, May 1st. TD Securities decreased their price target on Ag Growth International from C$41.00 to C$22.00 and set a “buy” rating for the company in a report on Thursday, March 26th. Finally, Raymond James Financial lowered their price objective on shares of Ag Growth International from C$30.00 to C$25.00 in a research report on Thursday, March 26th.

Insider Activity at Ag Growth International

In other news, Director Rohit Bhardwaj bought 8,500 shares of the firm’s stock in a transaction dated 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 completion of the purchase, the director owned 28,500 shares of the company’s stock, valued at C$684,000. This trade represents a 42.50% increase in their ownership of the stock. Insiders own 1.06% of the company’s stock.

Ag Growth International Stock Performance

Shares of AFN stock opened at C$20.21 on Thursday. The company has a current ratio of 1.35, a quick ratio of 0.84 and a debt-to-equity ratio of 497.80. The company has a market cap of C$381.18 million, a PE ratio of -7.07, a P/E/G ratio of 1.30 and a beta of 0.92. The company’s fifty day simple moving average is C$21.59 and its 200-day simple moving average is C$23.83. Ag Growth International has a 52 week low of C$13.60 and a 52 week high of C$44.84.

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

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.