ATB Cormark Capital Markets Cuts Ag Growth International (TSE:AFN) Price Target to C$11.00

Ag Growth International (TSE:AFN) had its price target reduced by ATB Cormark Capital Markets from C$18.00 to C$11.00 in a research report sent to investors on Thursday,BayStreet reports. ATB Cormark Capital Markets currently has a sector perform rating on the stock.

A number of other analysts have also weighed in on AFN. Desjardins dropped their price objective on Ag Growth International from C$25.00 to C$20.00 and set a “buy” rating for the company in a research note on Friday, July 31st. National Bank Financial decreased their target price on shares of Ag Growth International from C$20.00 to C$19.00 and set a “sector perform” rating on the stock in a research note on Friday, July 31st. Royal Bank Of Canada lowered their price target on shares of Ag Growth International from C$30.00 to C$20.00 and set an “outperform” rating for the company in a report on Friday, July 31st. Finally, TD Securities cut shares of Ag Growth International from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 28th. Three analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, Ag Growth International has an average rating of “Hold” and a consensus target price of C$22.78.

Ag Growth International Stock Down 3.7%

AFN opened at C$7.02 on Thursday. The company has a market cap of C$132.54 million, a P/E ratio of -1.13, a P/E/G ratio of 1.30 and a beta of 1.15. The business’s 50-day moving average price is C$13.29 and its 200-day moving average price is C$18.17. 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 has a 12 month low of C$5.80 and a 12 month high of C$38.09.

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. On average, equities analysts expect that Ag Growth International will post 6.5761006 EPS for the current year.

Insider Activity

In other Ag Growth International news, Director Gary Keith Anderson bought 21,865 shares of the firm’s stock in a transaction that occurred on 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 directly owned 106,990 shares in the company, valued at C$1,467,902.80. The trade was a 25.69% increase in their ownership of the stock. Company insiders own 1.06% of the company’s stock.

About Ag Growth International

Ag Growth International Inc is a leading manufacturer and supplier of equipment and solutions for the agriculture, fertilizer, feed, food and commercial sectors. With manufacturing facilities and operations on six continents, AGI provides complete systems and services that support producers and processors throughout the agricultural value chain.