Ag Growth International Inc. (TSE:AFN) Given Average Recommendation of “Hold” by Brokerages

Shares of Ag Growth International Inc. (TSE:AFN) have been assigned a consensus recommendation of “Hold” from the nine research firms that are currently covering the firm, Marketbeat reports. Five equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is C$28.22.

Several brokerages have weighed in on AFN. TD Securities cut their price target on Ag Growth International from C$41.00 to C$22.00 and set a “buy” rating on the stock in a report on Thursday, March 26th. 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. National Bank Financial downgraded Ag Growth International from an “outperform” rating to a “hold” rating and cut their price target for the stock from C$39.00 to C$24.00 in a report on Wednesday, March 25th. TD upped their price target on Ag Growth International from C$22.00 to C$30.00 and gave the stock a “buy” rating in a report on Tuesday, May 12th. Finally, Royal Bank Of Canada upgraded Ag Growth International from a “sector perform” rating to an “outperform” rating and upped their price target for the stock from C$25.00 to C$30.00 in a report on Monday, May 11th.

Ag Growth International Price Performance

Shares of TSE AFN opened at C$22.59 on Friday. The stock’s 50-day moving average is C$20.62 and its two-hundred day moving average is C$23.87. The company has a debt-to-equity ratio of 497.80, a current ratio of 1.35 and a quick ratio of 0.84. Ag Growth International has a 1-year low of C$13.60 and a 1-year high of C$44.84. The company has a market cap of C$426.07 million, a price-to-earnings ratio of -7.90, a price-to-earnings-growth ratio of 1.30 and a beta of 0.92.

Ag Growth International (TSE:AFN) last issued its quarterly earnings results on Wednesday, May 6th. The company reported C($2.35) earnings per share for the quarter. Ag Growth International had a negative return on equity of 20.06% and a negative net margin of 3.80%.The company had revenue of C$282.17 million for the quarter. Analysts forecast that Ag Growth International will post 6.5761006 EPS for the current fiscal year.

Insider Transactions at Ag Growth International

In other Ag Growth International news, insider Paul Brisebois acquired 32,000 shares of the stock in a transaction dated Thursday, March 26th. The stock was acquired at an average cost of C$17.09 per share, with a total value of C$546,880.00. Following the transaction, the insider owned 48,086 shares in the company, valued at C$821,789.74. The trade was a 198.93% increase in their position. Also, Director Steven Robert Sommerfeld acquired 8,000 shares of the stock in a transaction dated Thursday, March 26th. The shares were acquired at an average cost of C$17.67 per share, with a total value of C$141,360.00. Following the completion of the transaction, the director owned 8,000 shares in the company, valued at approximately C$141,360. This represents a ∞ increase in their position. In the last ninety days, insiders acquired 48,500 shares of company stock valued at $892,240. 1.06% of the stock is currently owned by corporate 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.