Ag Growth International Inc. (TSE:AFN) Stock Rated "Hold" by Sell-Side Analysts

Key Points

• Ag Growth International carries a consensus “Hold” rating from nine analysts, with six holds and three buys; the average 12-month price target is C$22.78, though several brokers recently lowered their targets.
• Director Gary Keith Anderson purchased 21,865 shares for approximately C$300,000, increasing his personal position by 25.69%; insiders own 1.06% of the company.
• The company reported a quarterly loss of C$2.06 per share, negative net margins and return on equity, while its shares opened at C$7.02—near the bottom of their C$5.80–C$38.09 12-month range—and carry very high debt relative to equity.

Shares of Ag Growth International Inc. (TSE:AFN - Get Free Report) have earned a consensus rating of "Hold" from the nine ratings firms that are covering the company, MarketBeat reports. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is C$22.78.

AFN has been the topic of several recent analyst reports. Desjardins reduced their price objective on shares of Ag Growth International from C$25.00 to C$20.00 and set a "buy" rating on the stock in a research report on Friday, July 31st. Royal Bank Of Canada dropped their target price on shares of Ag Growth International from C$30.00 to C$20.00 and set an "outperform" rating for the company in a research report on Friday, July 31st. ATB Cormark Capital Markets dropped their target price on shares of Ag Growth International from C$18.00 to C$11.00 and set a "sector perform" rating for the company in a research report on Thursday. National Bank Financial cut their target price on shares of 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. Finally, TD Securities downgraded shares of Ag Growth International from a "strong-buy" rating to a "hold" rating in a report on Monday, September 28th.

Insider Activity at Ag Growth International

In other news, Director Gary Keith Anderson acquired 21,865 shares of the business's stock in a transaction dated Friday, July 31st. The stock was purchased 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 approximately C$1,467,902.80. This trade represents a 25.69% increase in their position. 1.06% of the stock is owned by company insiders.

Ag Growth International Stock Performance

TSE AFN opened at C$7.02 on Friday. The firm has a market cap of C$132.54 million, a price-to-earnings ratio of -1.13, a price-to-earnings-growth ratio of 1.30 and a beta of 1.15. 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 has a 50-day moving average price of C$13.29 and a 200-day moving average price of C$18.17. Ag Growth International has a twelve month low of C$5.80 and a twelve month high of C$38.09.

Ag Growth International (TSE:AFN - Get Free Report) last released its 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 return on equity of 48.31% and a negative net margin of 8.43%.The business had revenue of C$323.18 million for the quarter. As a group, equities research analysts predict 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.

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