Ag Growth International Inc. (TSE:AFN) Stock Has Average Price Target of C$22.78

Shares of Ag Growth International Inc. (TSE:AFN) have been given a consensus rating of “Hold” by the nine analysts that are presently covering the stock, Marketbeat Ratings reports. Six research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price objective among brokers that have covered the stock in the last year is C$22.78.

A number of brokerages have recently weighed in on AFN. Royal Bank Of Canada lowered their target price on Ag Growth International from C$30.00 to C$20.00 and set an “outperform” rating on the stock in a research note on Friday, July 31st. ATB Cormark Capital Markets reduced their price target on Ag Growth International from C$18.00 to C$11.00 and set a “sector perform” rating for the company in a research note on Thursday, October 1st. Desjardins decreased their price objective on 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. National Bank Financial lowered 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 report on Friday, July 31st. Finally, TD Securities downgraded Ag Growth International from a “strong-buy” rating to a “hold” rating in a report on Monday, September 28th.

Insider Buying and Selling

In other Ag Growth International news, Director Gary Keith Anderson acquired 21,865 shares of the company’s stock in a transaction on Friday, July 31st. The stock was acquired at an average price of C$13.72 per share, for a total transaction of C$299,987.80. Following the purchase, the director directly owned 106,990 shares of the company’s stock, valued at C$1,467,902.80. This trade represents a 25.69% increase in their ownership of the stock. Corporate insiders own 1.06% of the company’s stock.

Ag Growth International Stock Down 5.6%

Shares of AFN opened at C$7.08 on Friday. Ag Growth International has a 52 week low of C$5.80 and a 52 week high of C$36.86. The firm has a market cap of C$133.67 million, a P/E ratio of -1.14, a price-to-earnings-growth ratio of 1.30 and a beta of 1.56. The firm’s 50-day simple moving average is C$12.31 and its 200 day simple moving average is C$17.54. 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 quarterly earnings data on Wednesday, July 29th. The company reported C($2.06) earnings per share (EPS) for the quarter. Ag Growth International had a negative return on equity of 48.31% and a negative net margin of 8.43%. The company had revenue of C$323.18 million for the quarter. On average, analysts forecast that Ag Growth International will post 6.58 earnings per share for the current year.

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.