Ag Growth International Inc. (TSE:AFN) Stock Has Consensus Price Target of C$21.89

Key Points

• Analysts maintain a “Hold” consensus on Ag Growth International, with six hold ratings and three buys. The average one-year price target is C$21.89, though several firms recently lowered their targets.
• AFN shares opened at C$8.72, well below the consensus target and the 52-week high of C$36.86. The company reported a quarterly loss of C$2.06 per share, negative return on equity of 48.31%, and a negative net margin of 8.43%.
• Director Gary Keith Anderson bought 21,865 shares for approximately C$300,000, increasing his position by 25.69%; insiders collectively own 1.06% of the company.

Ag Growth International Inc. (TSE:AFN - Get Free Report) has been given a consensus recommendation of "Hold" by the nine ratings firms that are covering the stock, Marketbeat.com reports. Six equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is C$21.89.

Several research firms have commented on AFN. Royal Bank Of Canada cut their target price 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. Desjardins decreased 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. National Bank Financial lowered their price target on shares of Ag Growth International from C$19.00 to C$11.00 and set a "sector perform" rating on the stock in a research note on Thursday, October 15th. ATB Cormark Capital Markets cut their price target on shares of Ag Growth International from C$18.00 to C$11.00 and set a "sector perform" rating on the stock in a research report on Thursday, October 1st. Finally, TD Securities cut shares of Ag Growth International from a "strong-buy" rating to a "hold" rating in a research report on Monday, September 28th.

Insider Activity

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 stock was purchased 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 of the company's stock, valued at approximately C$1,467,902.80. This trade represents a 25.69% increase in their position. Corporate insiders own 1.06% of the company's stock.

Ag Growth International Stock Performance

AFN opened at C$8.72 on Wednesday. The company has a market capitalization of C$164.63 million, a price-to-earnings ratio of -1.40, a P/E/G ratio of 1.30 and a beta of 1.56. The business's 50-day moving average price is C$10.75 and its two-hundred day moving average price is C$19.58. Ag Growth International has a 1 year low of C$5.80 and a 1 year high of C$36.86. The company has a debt-to-equity ratio of 541.43, a current ratio of 1.30 and a quick ratio of 0.84.

Ag Growth International (TSE:AFN - Get Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The company reported C($2.06) earnings per share (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 for the quarter. Equities analysts expect that Ag Growth International will post 6.58 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.

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