Gary Keith Anderson Purchases 21,865 Shares of Ag Growth International (TSE:AFN) Stock

Ag Growth International Inc. (TSE:AFN) Director Gary Keith Anderson acquired 21,865 shares of the business’s stock in a transaction that occurred on Friday, July 31st. The shares were purchased at an average cost 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. The trade was a 25.69% increase in their position.

Ag Growth International Stock Up 4.0%

Shares of Ag Growth International stock opened at C$15.08 on Friday. The company has a debt-to-equity ratio of 541.43, a quick ratio of 0.84 and a current ratio of 1.30. The stock has a market capitalization of C$284.42 million, a PE ratio of -2.42, a price-to-earnings-growth ratio of 1.30 and a beta of 0.94. Ag Growth International Inc. has a 52-week low of C$13.25 and a 52-week high of C$43.40. The company has a 50-day simple moving average of C$19.63 and a two-hundred day simple moving average of C$22.71.

Ag Growth International (TSE:AFN) last posted its quarterly earnings results on Wednesday, July 29th. The company reported C($2.06) EPS for the quarter. The firm had revenue of C$323.18 million for the quarter. Ag Growth International had a negative net margin of 8.43% and a negative return on equity of 48.31%. On average, analysts anticipate that Ag Growth International Inc. will post 6.5761006 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have commented on AFN. ATB Cormark Capital Markets cut their target price on Ag Growth International from C$25.00 to C$18.00 and set a “sector perform” rating on the stock in a research note on Friday, July 31st. 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 note on Tuesday, May 12th. Canadian Imperial Bank of Commerce upped their price target on Ag Growth International from C$19.00 to C$23.00 in a report on Friday, May 1st. Desjardins dropped 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 research report on Friday, July 31st. Finally, National Bank Financial dropped their price objective on Ag Growth International from C$20.00 to C$19.00 and set a “sector perform” rating on the stock in a research report on Friday, July 31st. Four analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of C$23.56.

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.