Ag Growth International (TSE:AFN) Stock Price Target Lowered at National Bank Financial

Ag Growth International (TSE:AFN) had its price objective reduced by National Bank Financial from C$19.00 to C$11.00 in a research note issued to investors on Thursday, BayStreet reports. The brokerage currently has a “sector perform” rating on the stock. National Bank Financial’s target price would indicate a potential upside of 49.46% from the company’s current price.

Several other equities analysts have also recently issued reports on the company. Desjardins decreased 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. TD Securities lowered shares of Ag Growth International from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 28th. 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. Finally, ATB Cormark Capital Markets reduced their target price on shares of Ag Growth International from C$18.00 to C$11.00 and set a “sector perform” rating on the stock in a report on Thursday, October 1st. Three research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of C$21.89.

Ag Growth International Trading Up 2.4%

AFN stock traded up C$0.17 during trading on Thursday, reaching C$7.36. 169,056 shares of the stock were exchanged, compared to its average volume of 144,261. The company has a current ratio of 1.30, a quick ratio of 0.84 and a debt-to-equity ratio of 541.43. The firm has a market capitalization of C$138.96 million, a price-to-earnings ratio of -1.18, a P/E/G ratio of 1.30 and a beta of 1.56. The business has a 50 day moving average price of C$11.89 and a 200-day moving average price of C$17.22. Ag Growth International has a 1 year low of C$5.80 and a 1 year high of C$36.86.

Ag Growth International (TSE:AFN) last announced 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 return on equity of 48.31% and a negative net margin of 8.43%. The company had revenue of C$323.18 million for the quarter. On average, research analysts predict that Ag Growth International will post 6.58 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Gary Keith Anderson purchased 21,865 shares of the business’s stock in a transaction that occurred on Friday, July 31st. The stock was purchased at an average cost of C$13.72 per share, with a total value of C$299,987.80. Following the completion of the acquisition, the director directly owned 106,990 shares of the company’s stock, valued at approximately C$1,467,902.80. This trade represents a 25.69% increase in their position. 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.