Ag Growth International (TSE:AFN) Stock Rating Cut to Hold at TD Securities

TD Securities downgraded shares of Ag Growth International (TSE:AFN) from a strong-buy rating to a hold rating in a research report report published on Monday morning,Zacks reports.

AFN has been the subject of several other reports. National Bank Financial decreased 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 report on Friday, July 31st. ATB Cormark Capital Markets lowered their price objective on shares of Ag Growth International from C$25.00 to C$18.00 and set a “sector perform” rating on the stock in a research report on Friday, July 31st. Desjardins dropped their target price on shares of Ag Growth International from C$25.00 to C$20.00 and set a “buy” rating on the stock in a report on Friday, July 31st. Finally, Royal Bank Of Canada cut 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. Three equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, Ag Growth International presently has an average rating of “Hold” and an average price target of C$23.56.

Ag Growth International Stock Down 27.4%

TSE:AFN opened at C$6.98 on Monday. The firm’s 50-day moving average price is C$14.29 and its 200-day moving average price is C$18.64. The company has a market capitalization of C$131.78 million, a PE ratio of -1.12, a P/E/G ratio of 1.30 and a beta of 1.15. 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 has a 1-year low of C$6.80 and a 1-year high of C$38.09.

Ag Growth International (TSE:AFN) last announced its quarterly earnings data on Wednesday, July 29th. The company reported C($2.06) earnings per share 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 during the quarter. On average, equities analysts predict that Ag Growth International will post 6.5761006 EPS for the current fiscal year.

Insider Transactions at Ag Growth International

In related news, Director Gary Keith Anderson acquired 21,865 shares of the firm’s stock in a transaction dated Friday, July 31st. The shares were purchased at an average price of C$13.72 per share, with a total value of C$299,987.80. Following the completion of the purchase, the director directly owned 106,990 shares of the company’s stock, valued at C$1,467,902.80. This represents a 25.69% increase in their ownership of the stock. Corporate insiders own 1.06% of the company’s stock.

About Ag Growth International

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.