Brokerages Set Ag Growth International Inc. (TSE:AFN) Target Price at C$27.78

Shares of Ag Growth International Inc. (TSE:AFN) have been given an average recommendation of “Hold” by the nine research firms that are currently covering the stock, MarketBeat reports. Five investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is C$27.78.

A number of equities research analysts recently weighed in on the company. Royal Bank Of Canada raised Ag Growth International from a “sector perform” rating to an “outperform” rating and raised their price target for the company from C$25.00 to C$30.00 in a report on Monday, May 11th. Raymond James Financial reduced their price objective on Ag Growth International from C$30.00 to C$25.00 in a research note on Thursday, March 26th. National Bank Financial decreased their target price on Ag Growth International from C$24.00 to C$20.00 and set a “sector perform” rating on the stock in a report on Monday, July 13th. TD raised their target price on Ag Growth International from C$22.00 to C$30.00 and gave the company a “buy” rating in a research note on Tuesday, May 12th. Finally, TD Securities lowered their target price on Ag Growth International from C$41.00 to C$22.00 and set a “buy” rating for the company in a research note on Thursday, March 26th.

Ag Growth International Price Performance

TSE:AFN opened at C$19.85 on Monday. The company has a quick ratio of 0.84, a current ratio of 1.35 and a debt-to-equity ratio of 497.80. The firm has a market cap of C$374.39 million, a PE ratio of -6.94, a price-to-earnings-growth ratio of 1.30 and a beta of 0.99. Ag Growth International has a 12 month low of C$13.60 and a 12 month high of C$44.84. The company’s 50-day moving average price is C$21.17 and its two-hundred day moving average price is C$23.46.

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

Insider Buying and Selling

In related news, Director Rohit Bhardwaj bought 8,500 shares of Ag Growth International stock in a transaction dated Monday, May 11th. The shares were bought at an average cost of C$24.00 per share, for a total transaction of C$204,000.00. Following the completion of the transaction, the director owned 28,500 shares of the company’s stock, valued at approximately C$684,000. This trade represents a 42.50% increase in their ownership of the stock. 1.06% of the stock is currently owned by corporate insiders.

About Ag Growth International

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.