Ag Growth International (TSE:AFN) Stock Price Up 13.8% – What’s Next?

Ag Growth International Inc. (TSE:AFN)’s share price traded up 13.8% during mid-day trading on Wednesday. The company traded as high as C$8.28 and last traded at C$8.25. 175,149 shares changed hands during trading, an increase of 21% from the average daily volume of 145,195 shares. The stock had previously closed at C$7.25.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Royal Bank Of Canada dropped their price objective 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. ATB Cormark Capital Markets reduced their target price on Ag Growth International from C$18.00 to C$11.00 and set a “sector perform” rating for the company in a research note on Thursday, October 1st. TD Securities lowered Ag Growth International from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 28th. Desjardins decreased their target price on Ag Growth International from C$25.00 to C$20.00 and set a “buy” rating for the company in a research report on Friday, July 31st. Finally, National Bank Financial dropped their price target on Ag Growth International from C$19.00 to C$11.00 and set a “sector perform” rating on the stock in a research note on Thursday, October 15th. Three equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Ag Growth International presently has a consensus rating of “Hold” and an average target price of C$21.89.

Ag Growth International Trading Up 13.4%

The firm has a fifty day moving average of C$11.30 and a two-hundred day moving average of C$16.91. The company has a market cap of C$155.19 million, a PE ratio of -1.32, a price-to-earnings-growth ratio of 1.30 and a beta of 1.56. 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 issued its earnings results on Wednesday, July 29th. The company reported C($2.06) earnings per share (EPS) for the quarter. Ag Growth International had a negative net margin of 8.43% and a negative return on equity of 48.31%. The business had revenue of C$323.18 million for the quarter. As a group, sell-side analysts predict that Ag Growth International Inc. will post 6.58 EPS for the current year.

Insider Buying and Selling at Ag Growth International

In related news, Director Gary Keith Anderson acquired 21,865 shares of the firm’s stock in a transaction that occurred on Friday, July 31st. The shares were bought at an average cost of C$13.72 per share, for a total transaction of C$299,987.80. Following the completion of the transaction, the director owned 106,990 shares in the company, valued at approximately C$1,467,902.80. This trade represents a 25.69% increase in their ownership of the stock. 1.06% of the stock is currently owned by insiders.

Ag Growth International Company Profile

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.