AGT Food and Ingredients Inc (TSE:AGT) – Stock analysts at Cormark decreased their FY2019 EPS estimates for shares of AGT Food and Ingredients in a note issued to investors on Thursday. Cormark analyst K. Mcphee now expects that the company will earn $1.15 per share for the year, down from their prior forecast of $1.19.
A number of other research analysts have also recently issued reports on the stock. CIBC reduced their price objective on shares of AGT Food and Ingredients from C$24.00 to C$20.00 in a report on Monday, March 5th. Raymond James Financial reduced their price objective on shares of AGT Food and Ingredients from C$22.00 to C$21.00 and set a “market perform” rating for the company in a report on Tuesday, January 9th. BMO Capital Markets reduced their price objective on shares of AGT Food and Ingredients from C$27.50 to C$22.00 in a report on Thursday, March 8th. Finally, Scotiabank reduced their price objective on shares of AGT Food and Ingredients from C$21.50 to C$19.50 and set a “sector perform” rating for the company in a report on Thursday. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of C$20.70.
In other news, insider Financial Holdings Lim Fairfax purchased 183,700 shares of the business’s stock in a transaction that occurred on Monday, March 12th. The shares were acquired at an average cost of C$16.25 per share, for a total transaction of C$2,985,125.00. Over the last 90 days, insiders have purchased 186,231 shares of company stock worth $3,025,948.
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AGT Food and Ingredients Company Profile
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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