Ag Growth International (TSE:AFN) Director Buys C$13,750.00 in Stock

Ag Growth International Inc. (TSE:AFN) Director Bradley John Wall purchased 1,000 shares of the business’s stock in a transaction on Friday, July 31st. The shares were acquired at an average price of C$13.75 per share, with a total value of C$13,750.00. Following the completion of the transaction, the director owned 2,500 shares of the company’s stock, valued at approximately C$34,375. This trade represents a 66.67% increase in their ownership of the stock.

Ag Growth International Trading Down 1.3%

Shares of TSE:AFN traded down C$0.19 on Wednesday, reaching C$14.56. 104,759 shares of the company traded hands, compared to its average volume of 133,422. The business’s 50-day simple moving average is C$19.97 and its 200 day simple moving average is C$22.91. Ag Growth International Inc. has a 52 week low of C$13.25 and a 52 week high of C$44.24. The stock has a market capitalization of C$274.62 million, a P/E ratio of -2.34, a price-to-earnings-growth ratio of 1.30 and a beta of 0.94. The company has a current ratio of 1.30, a quick ratio of 0.84 and a debt-to-equity ratio of 541.43.

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

Analysts Set New Price Targets

AFN has been the subject of several recent research reports. National Bank Financial lowered their price objective on Ag Growth International from C$20.00 to C$19.00 and set a “sector perform” rating for the company in a research report on Friday, July 31st. TD raised their target price on shares of Ag Growth International from C$22.00 to C$30.00 and gave the stock a “buy” rating in a report on Tuesday, May 12th. Canadian Imperial Bank of Commerce lifted their target price on shares of Ag Growth International from C$19.00 to C$23.00 in a research note on Friday, May 1st. Desjardins cut their price target on shares of Ag Growth International from C$25.00 to C$20.00 and set a “buy” rating on the stock in a report on Friday, July 31st. Finally, Royal Bank Of Canada cut their price target on shares of Ag Growth International from C$30.00 to C$20.00 and set an “outperform” rating on the stock in a report on Friday, July 31st. Four equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, Ag Growth International presently has a consensus rating of “Hold” and a consensus target price of C$23.56.

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.