Ag Growth International (TSE:AFN) Announces Earnings Results

Ag Growth International (TSE:AFN) issued its quarterly earnings results on Wednesday. The company reported C$0.16 EPS for the quarter, FiscalAI reports. Ag Growth International had a negative net margin of 8.43% and a negative return on equity of 48.31%. The firm had revenue of C$340.50 million for the quarter.

Ag Growth International Trading Down 3.8%

Shares of TSE AFN traded down C$0.32 during trading hours on Wednesday, hitting C$8.05. The company’s stock had a trading volume of 98,260 shares, compared to its average volume of 147,247. Ag Growth International has a 12 month low of C$5.80 and a 12 month high of C$33.26. The stock has a market cap of C$151.98 million, a price-to-earnings ratio of -1.29, a P/E/G ratio of 1.30 and a beta of 1.73. The company has a debt-to-equity ratio of 541.43, a quick ratio of 0.84 and a current ratio of 1.30. The business has a 50-day simple moving average of C$9.92 and a 200-day simple moving average of C$18.61.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. ATB Cormark Capital Markets reduced their target price on Ag Growth International from C$18.00 to C$11.00 and set a “sector perform” rating on the stock in a research note on Thursday, October 1st. Royal Bank Of Canada dropped their price target on Ag Growth International from C$30.00 to C$20.00 and set an “outperform” rating for the company in a research note on Friday, July 31st. TD Securities lowered Ag Growth International from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 28th. National Bank Financial decreased their price target on shares of Ag Growth International from C$19.00 to C$11.00 and set a “sector perform” rating on the stock in a research note on Thursday, October 15th. Finally, Desjardins decreased their price target on shares of Ag Growth International from C$25.00 to C$20.00 and set a “buy” rating on the stock in a research note on Friday, July 31st. Three equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of C$21.89.

Ag Growth International Company Profile

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.