Ag Growth International Inc. (TSE:AFN) Receives Average Rating of "Hold" from Analysts

Key Points

• Ag Growth International has an average “Hold” rating among nine analysts, with five holds and four buys. The average 12-month price target is C$23.56.
• Analysts recently adjusted their targets unevenly, with ATB Cormark, RBC and Desjardins lowering targets, while CIBC and TD raised theirs; targets now range from C$18 to C$30.
• The company reported a quarterly loss of C$2.06 per share on C$323.18 million in revenue. Its shares opened at C$14.16, near the 12-month low of C$13.25, while director Gary Keith Anderson purchased nearly C$300,000 of stock.

Ag Growth International Inc. (TSE:AFN - Get Free Report) has received an average rating of "Hold" from the nine ratings firms that are currently covering the company, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is C$23.56.

Several equities analysts have weighed in on the stock. ATB Cormark Capital Markets dropped their target price on shares of Ag Growth International from C$25.00 to C$18.00 and set a "sector perform" rating for the company in a report on Friday, July 31st. Royal Bank Of Canada dropped 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 note on Friday, July 31st. Canadian Imperial Bank of Commerce upped their price target on shares of Ag Growth International from C$19.00 to C$23.00 in a research report on Friday, May 1st. Desjardins cut their price objective on Ag Growth International from C$25.00 to C$20.00 and set a "buy" rating on the stock in a report on Friday, July 31st. Finally, TD raised 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.

Ag Growth International Price Performance

AFN stock opened at C$14.16 on Friday. The firm has a 50 day moving average of C$18.84 and a 200-day moving average of C$22.14. The company has a market cap of C$267.07 million, a price-to-earnings ratio of -2.27, a PEG ratio of 1.30 and a beta of 0.94. 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 has a 12-month low of C$13.25 and a 12-month high of C$43.40.

Ag Growth International (TSE:AFN - Get Free Report) last released its quarterly earnings results on Wednesday, July 29th. The company reported C($2.06) earnings per share for the quarter. The firm had revenue of C$323.18 million during the quarter. Ag Growth International had a negative return on equity of 48.31% and a negative net margin of 8.43%. As a group, equities analysts expect that Ag Growth International will post 6.5761006 EPS for the current fiscal year.

Insider Activity

In other news, Director Gary Keith Anderson bought 21,865 shares of Ag Growth International stock in a transaction dated Friday, July 31st. The shares were acquired at an average cost of C$13.72 per share, with a total value 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 position. 1.06% of the stock is owned by corporate insiders.

About Ag Growth International

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.

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