Analysts Set Ag Growth International Inc. (TSE:AFN) PT at C$28.22

Ag Growth International Inc. (TSE:AFN) has received a consensus recommendation of “Hold” from the nine brokerages that are covering the firm, MarketBeat Ratings reports. Five analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is C$28.22.

A number of brokerages recently issued reports on AFN. ATB Cormark Capital Markets raised their price target on Ag Growth International from C$22.00 to C$25.00 and gave the stock a “sector perform” rating in a research note on Thursday, May 7th. National Bank Financial lowered Ag Growth International from an “outperform” rating to a “hold” rating and decreased their target price for the company from C$39.00 to C$24.00 in a research report on Wednesday, March 25th. Canadian Imperial Bank of Commerce lifted their target price on Ag Growth International from C$19.00 to C$23.00 in a research report on Friday, May 1st. Royal Bank Of Canada raised Ag Growth International from a “sector perform” rating to an “outperform” rating and lifted their target price for the company from C$25.00 to C$30.00 in a research report on Monday, May 11th. Finally, TD boosted their price target on Ag Growth International from C$22.00 to C$30.00 and gave the stock a “buy” rating in a research report on Tuesday, May 12th.

Insider Buying and Selling at Ag Growth International

In other news, Director Rohit Bhardwaj purchased 8,500 shares of the stock in a transaction dated Monday, May 11th. The shares were acquired at an average cost of C$24.00 per share, for a total transaction of C$204,000.00. Following the acquisition, the director owned 28,500 shares of the company’s stock, valued at approximately C$684,000. This represents a 42.50% increase in their ownership of the stock. Corporate insiders own 1.06% of the company’s stock.

Ag Growth International Price Performance

Shares of Ag Growth International stock opened at C$19.99 on Thursday. The stock has a market cap of C$377.03 million, a price-to-earnings ratio of -6.99, a price-to-earnings-growth ratio of 1.30 and a beta of 0.92. The company has a debt-to-equity ratio of 497.80, a quick ratio of 0.84 and a current ratio of 1.35. The stock has a 50 day moving average price of C$21.49 and a 200-day moving average price of C$23.86. Ag Growth International has a one year low of C$13.60 and a one year high of C$44.84.

Ag Growth International (TSE:AFN) last announced its earnings results on Wednesday, May 6th. The company reported C($2.35) EPS for the quarter. The company had revenue of C$282.17 million during the quarter. Ag Growth International had a negative return on equity of 20.06% and a negative net margin of 3.80%. 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.