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

Shares of Ag Growth International Inc. (TSE:AFN) have been given an average recommendation of “Hold” by the nine analysts that are currently covering the firm, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is C$28.22.

Several brokerages have recently issued reports on AFN. Canadian Imperial Bank of Commerce boosted their price objective on Ag Growth International from C$19.00 to C$23.00 in a report on Friday, May 1st. Royal Bank Of Canada upgraded Ag Growth International from a “sector perform” rating to an “outperform” rating and lifted their price target for the company from C$25.00 to C$30.00 in a research note on Monday, May 11th. TD lifted their price target on 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. Raymond James Financial cut their price target on Ag Growth International from C$30.00 to C$25.00 in a research note on Thursday, March 26th. Finally, ATB Cormark Capital Markets lifted their price target on Ag Growth International from C$22.00 to C$25.00 and gave the company a “sector perform” rating in a research note on Thursday, May 7th.

Insider Activity at Ag Growth International

In other Ag Growth International news, insider Paul Brisebois purchased 32,000 shares of the business’s stock in a transaction that occurred on Thursday, March 26th. The stock was purchased at an average price of C$17.09 per share, for a total transaction of C$546,880.00. Following the purchase, the insider directly owned 48,086 shares in the company, valued at approximately C$821,789.74. This trade represents a 198.93% increase in their ownership of the stock. Also, Director Rohit Bhardwaj purchased 8,500 shares of the business’s stock in a transaction that occurred on Monday, May 11th. The stock was acquired at an average price of C$24.00 per share, with a total value of C$204,000.00. Following the purchase, the director owned 28,500 shares in the company, valued at C$684,000. This represents a 42.50% increase in their ownership of the stock. Insiders acquired a total of 48,500 shares of company stock worth $892,240 in the last 90 days. Corporate insiders own 1.06% of the company’s stock.

Ag Growth International Stock Performance

Shares of AFN stock opened at C$22.12 on Friday. The stock has a market cap of C$417.21 million, a PE ratio of -7.73, a price-to-earnings-growth ratio of 1.30 and a beta of 0.92. The business has a 50-day simple moving average of C$20.72 and a 200-day simple moving average of C$23.86. The company has a quick ratio of 0.84, a current ratio of 1.35 and a debt-to-equity ratio of 497.80. Ag Growth International has a 52-week low of C$13.60 and a 52-week high of C$44.84.

Ag Growth International (TSE:AFN) last issued its quarterly earnings data on Wednesday, May 6th. The company reported C($2.35) earnings per share (EPS) for the quarter. The company had revenue of C$282.17 million during the quarter. Ag Growth International had a negative net margin of 3.80% and a negative return on equity of 20.06%. On average, equities analysts expect that Ag Growth International will post 6.5761006 EPS for the current year.

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.