AGT Food and Ingredients Inc (TSE:AGT) – Stock analysts at National Bank Financial issued their Q1 2018 earnings per share (EPS) estimates for AGT Food and Ingredients in a research report issued to clients and investors on Wednesday. National Bank Financial analyst G. Colman expects that the company will post earnings per share of ($0.14) for the quarter. National Bank Financial also issued estimates for AGT Food and Ingredients’ FY2018 earnings at ($0.11) EPS and FY2019 earnings at $0.73 EPS.
A number of other research firms also recently issued reports on AGT. Raymond James Financial dropped their price target on AGT Food and Ingredients from C$22.00 to C$21.00 and set a “market perform” rating on the stock in a research report on Tuesday, January 9th. CIBC dropped their price target on AGT Food and Ingredients from C$24.00 to C$20.00 in a research report on Monday, March 5th. BMO Capital Markets dropped their price target on AGT Food and Ingredients from C$27.50 to C$22.00 in a research report on Thursday, March 8th. Finally, Scotiabank dropped their price target on AGT Food and Ingredients from C$21.50 to C$19.50 and set a “sector perform” rating on the stock in a research report on Thursday. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. AGT Food and Ingredients currently has a consensus rating of “Hold” and an average target price of C$20.70.
In other news, insider Financial Holdings Lim Fairfax purchased 183,700 shares of the company’s stock in a transaction dated Monday, March 12th. The shares were acquired at an average price of C$16.25 per share, with a total value of C$2,985,125.00. Insiders have bought a total of 186,231 shares of company stock worth $3,025,948 in the last three months.
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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