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

Ag Growth International (TSE:AFN) was downgraded by research analysts at TD Securities from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Monday, Zacks reports.

AFN has been the topic of a number of other reports. National Bank Financial decreased 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 note on Friday, July 31st. Desjardins cut their target price on Ag Growth International from C$25.00 to C$20.00 and set a “buy” rating for the company in a research note on Friday, July 31st. Royal Bank Of Canada reduced their target price on Ag Growth International from C$30.00 to C$20.00 and set an “outperform” rating for the company in a report on Friday, July 31st. Finally, ATB Cormark Capital Markets decreased their price target on 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. Three investment 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 has an average rating of “Hold” and a consensus target price of C$23.56.

Ag Growth International Trading Down 11.3%

Shares of AFN opened at C$6.19 on Monday. Ag Growth International has a fifty-two week low of C$5.80 and a fifty-two week high of C$38.09. The business has a 50-day moving average of C$14.02 and a 200 day moving average of C$18.50. The firm has a market cap of C$116.87 million, a P/E ratio of -0.99, a price-to-earnings-growth ratio of 1.30 and a beta of 1.15. The company has a debt-to-equity ratio of 541.43, a quick ratio of 0.84 and a current ratio of 1.30.

Ag Growth International (TSE:AFN) last issued its earnings results on Wednesday, July 29th. The company reported C($2.06) earnings per share for the quarter. The business had revenue of C$323.18 million for the quarter. Ag Growth International had a negative return on equity of 48.31% and a negative net margin of 8.43%. As a group, research analysts forecast that Ag Growth International will post 6.5761006 EPS for the current year.

Insider Activity at Ag Growth International

In related news, Director Gary Keith Anderson acquired 21,865 shares of the firm’s stock in a transaction that occurred on Friday, July 31st. The shares were bought 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 owned 106,990 shares in the company, valued at approximately C$1,467,902.80. This trade represents a 25.69% increase in their ownership of the stock. 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.