Ag Growth International Inc. (TSE:AFN) Receives Consensus Rating of “Hold” from Brokerages

Ag Growth International Inc. (TSE:AFN) has been assigned an average recommendation of “Hold” from the nine research firms that are currently covering the firm, Marketbeat.com reports. Five analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is C$23.56.

A number of research firms have issued reports on AFN. Royal Bank Of Canada decreased 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 research report on Friday, July 31st. ATB Cormark Capital Markets lowered their price target on Ag Growth International from C$25.00 to C$18.00 and set a “sector perform” rating for the company in a research report on Friday, July 31st. 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 on the stock in a research report on Friday, July 31st. Finally, Desjardins reduced their target price on Ag Growth International from C$25.00 to C$20.00 and set a “buy” rating on the stock in a research note on Friday, July 31st.

Insider Buying and Selling at Ag Growth International

In related news, Director Gary Keith Anderson purchased 21,865 shares of Ag Growth International stock in a transaction that occurred on Friday, July 31st. The shares were 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 transaction, the director directly owned 106,990 shares of the company’s stock, valued at C$1,467,902.80. This represents a 25.69% increase in their ownership of the stock. Insiders own 1.06% of the company’s stock.

Ag Growth International Stock Performance

TSE:AFN opened at C$14.12 on Tuesday. The company has a debt-to-equity ratio of 541.43, a quick ratio of 0.84 and a current ratio of 1.30. Ag Growth International has a fifty-two week low of C$12.46 and a fifty-two week high of C$39.74. The firm has a market cap of C$266.59 million, a PE ratio of -2.27, a price-to-earnings-growth ratio of 1.30 and a beta of 1.15. The business has a 50 day moving average price of C$15.76 and a 200-day moving average price of C$19.72.

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

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.