Ag Growth International (TSE:AFN) Given New C$25.00 Price Target at ATB Cormark Capital Markets

Ag Growth International (TSE:AFN) had its price target hoisted by ATB Cormark Capital Markets from C$22.00 to C$25.00 in a research note issued to investors on Thursday,BayStreet.CA reports. The brokerage currently has a sector perform rating on the stock.

Several other research analysts also recently commented on AFN. Raymond James Financial decreased their price objective on Ag Growth International from C$30.00 to C$25.00 in a research note on Thursday, March 26th. TD Securities decreased their price objective on Ag Growth International from C$41.00 to C$22.00 and set a “buy” rating on the stock in a research note on Thursday, March 26th. Desjardins decreased their price objective on Ag Growth International from C$47.00 to C$40.00 and set a “buy” rating on the stock in a research note on Monday, January 12th. National Bank Financial downgraded Ag Growth International from an “outperform” rating to a “hold” rating and decreased their price objective for the stock from C$39.00 to C$24.00 in a research note on Wednesday, March 25th. Finally, Canadian Imperial Bank of Commerce raised their price objective on Ag Growth International from C$19.00 to C$23.00 in a research note on Friday, May 1st. Two equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of C$26.75.

Ag Growth International Stock Up 10.3%

TSE AFN opened at C$22.08 on Thursday. The stock’s 50-day moving average price is C$21.79 and its 200-day moving average price is C$25.32. The company has a quick ratio of 0.84, a current ratio of 1.28 and a debt-to-equity ratio of 408.06. Ag Growth International has a 52 week low of C$13.60 and a 52 week high of C$44.84. The company has a market capitalization of C$416.47 million, a P/E ratio of -15.66, a price-to-earnings-growth ratio of 1.30 and a beta of 1.04.

Ag Growth International (TSE:AFN) last posted its quarterly earnings data on Wednesday, May 6th. The company reported C($2.35) EPS for the quarter. Ag Growth International had a negative return on equity of 9.21% and a negative net margin of 1.86%.The company had revenue of C$282.17 million during the quarter. On average, equities research analysts predict that Ag Growth International will post 6.5761006 earnings per share for the current year.

Insider Activity at Ag Growth International

In other Ag Growth International news, Director Steven Robert Sommerfeld bought 8,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 26th. The shares were bought at an average price of C$17.67 per share, with a total value of C$141,360.00. Following the purchase, the director owned 8,000 shares of the company’s stock, valued at C$141,360. This trade represents a ∞ increase in their ownership of the stock. Also, insider Paul Brisebois bought 32,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 26th. The shares were acquired at an average cost of C$17.09 per share, for a total transaction of C$546,880.00. Following the purchase, the insider directly owned 48,086 shares in the company, valued at C$821,789.74. This trade represents a 198.93% increase in their position. 1.06% of the stock is currently owned by company insiders.

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.