Ag Growth International Inc. (TSE:AFN) Given Consensus Rating of "Hold" by Analysts

Key Points

• Ag Growth International has a consensus “Hold” rating from nine analysts: five holds and four buys. The average 12-month price target is C$23.56.
• Analysts recently lowered several price targets, including ATB Cormark to C$18, Desjardins to C$20, RBC to C$20, and National Bank to C$19, while TD raised its target to C$30.
• Director Gary Keith Anderson bought 21,865 shares for approximately C$300,000, increasing his stake by 25.69%. The company reported a quarterly loss of C$2.06 per share, negative margins, and a high debt-to-equity ratio of 541.43.

Ag Growth International Inc. (TSE:AFN - Get Free Report) has been given an average recommendation of "Hold" by the nine research firms that are currently covering the firm, Marketbeat reports. Five investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is C$23.56.

Several equities analysts have recently weighed in on AFN shares. ATB Cormark Capital Markets reduced 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 report on Friday, July 31st. Desjardins cut their target price on shares of Ag Growth International from C$25.00 to C$20.00 and set a "buy" rating for the company in a research report on Friday, July 31st. TD increased their price target on Ag Growth International from C$22.00 to C$30.00 and gave the company a "buy" rating in a report on Tuesday, May 12th. Royal Bank Of Canada dropped their price target on Ag Growth International from C$30.00 to C$20.00 and set an "outperform" rating on the stock in a research note on Friday, July 31st. Finally, National Bank Financial cut their price target on Ag Growth International from C$20.00 to C$19.00 and set a "sector perform" rating for the company in a research note on Friday, July 31st.

Insider Buying and Selling

In related news, Director Gary Keith Anderson purchased 21,865 shares of Ag Growth International stock in a transaction on Friday, July 31st. The stock was acquired 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 in the company, valued at C$1,467,902.80. This represents a 25.69% increase in their position. 1.06% of the stock is currently owned by insiders.

Ag Growth International Price Performance

Shares of AFN stock opened at C$14.51 on Tuesday. The company has a quick ratio of 0.84, a current ratio of 1.30 and a debt-to-equity ratio of 541.43. The business's fifty day moving average is C$16.34 and its 200 day moving average is C$20.25. The stock has a market cap of C$273.67 million, a price-to-earnings ratio of -2.33, a PEG ratio of 1.30 and a beta of 1.15. Ag Growth International has a twelve month low of C$12.46 and a twelve month high of C$41.29.

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

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.