AGT Food and Ingredients Inc (TSE:AGT) – Equities researchers at Raymond James Financial cut their Q3 2016 earnings per share (EPS) estimates for AGT Food and Ingredients in a report issued on Tuesday. Raymond James Financial analyst S. Hansen now forecasts that the firm will post earnings per share of $0.53 for the quarter, down from their previous forecast of $0.58. Raymond James Financial also issued estimates for AGT Food and Ingredients’ Q4 2016 earnings at $0.88 EPS and FY2016 earnings at $2.16 EPS.
Other research analysts have also recently issued reports about the company. AltaCorp Capital lowered their price objective on AGT Food and Ingredients from C$46.50 to C$46.00 and set an “outperform” rating on the stock in a research report on Monday, June 27th. CIBC lifted their price objective on AGT Food and Ingredients from C$39.00 to C$45.00 in a research report on Friday, June 24th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of C$42.60.
Shares of AGT Food and Ingredients (TSE:AGT) traded down 0.54% during mid-day trading on Thursday, reaching $38.68. The company’s stock had a trading volume of 21,443 shares. AGT Food and Ingredients has a 12-month low of $27.81 and a 12-month high of $42.16. The stock has a market capitalization of $925.54 million and a P/E ratio of 25.05. The company’s 50-day moving average price is $37.19 and its 200-day moving average price is $36.72.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 11th. Investors of record on Tuesday, October 11th were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.54%. The ex-dividend date was Wednesday, September 28th.
About AGT Food and Ingredients
AGT Food and Ingredients Inc (AGT), formerly Alliance Grain Traders Inc, is a processor and splitter of pulse crops. The Company is engaged in pulse and staple food processing and distribution, with processing facilities and sales offices located around the world. It operates in three segments: Pulse and Grain Processing, which includes the operations of AGT subsidiaries and facilities in Canada, the United States, Australia, China and a portion of the operations in Turkey; Trading and Distribution, which includes operations in Europe, Russia, India and a portion of the operations in Canada, Turkey and Australia, and Food Ingredients and Packaged Foods, which include subsidiaries and facilities in the United States, Canada, South Africa and a portion of the operations in Turkey.
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