Ag Growth International (TSE:AFN) Price Target Cut to C$20.00 by Analysts at Desjardins

Ag Growth International (TSE:AFN) had its target price dropped by stock analysts at Desjardins from C$25.00 to C$20.00 in a research note issued on Friday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Desjardins’ price target points to a potential upside of 47.82% from the company’s previous close.

Several other equities analysts also recently commented on AFN. Royal Bank Of Canada cut their target price on Ag Growth International from C$30.00 to C$20.00 and set an “outperform” rating for the company in a research report on Friday. Canadian Imperial Bank of Commerce increased their price objective on Ag Growth International from C$19.00 to C$23.00 in a research note on Friday, May 1st. National Bank Financial cut 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 report on Friday. TD boosted their target price on shares of Ag Growth International from C$22.00 to C$30.00 and gave the company a “buy” rating in a research note on Tuesday, May 12th. Finally, ATB Cormark Capital Markets lowered their target price on shares of Ag Growth International from C$25.00 to C$18.00 and set a “sector perform” rating on the stock in a report on Friday. Four equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, Ag Growth International has an average rating of “Hold” and an average target price of C$23.56.

Ag Growth International Price Performance

TSE:AFN traded down C$0.79 during mid-day trading on Friday, hitting C$13.53. The company’s stock had a trading volume of 595,111 shares, compared to its average volume of 130,951. Ag Growth International has a fifty-two week low of C$13.46 and a fifty-two week high of C$44.84. 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 capitalization of C$255.19 million, a price-to-earnings ratio of -4.73, a P/E/G ratio of 1.30 and a beta of 0.99. The stock has a fifty day moving average of C$20.52 and a 200-day moving average of C$23.20.

Ag Growth International (TSE:AFN) last released its quarterly earnings data 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 3.80% and a negative return on equity of 20.06%. The company had revenue of C$323.18 million for the quarter. As a group, equities analysts forecast that Ag Growth International will post 6.5761006 EPS for the current fiscal year.

Insider Activity at Ag Growth International

In other Ag Growth International news, Director Rohit Bhardwaj bought 8,500 shares of the firm’s stock in a transaction dated Monday, May 11th. The shares were bought at an average price of C$24.00 per share, for a total transaction of C$204,000.00. Following the completion of the acquisition, the director owned 28,500 shares of the company’s stock, valued at approximately 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 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.