AGT Food and Ingredients (TSE:AGT) – Research analysts at Cormark decreased their FY2018 earnings estimates for shares of AGT Food and Ingredients in a research note issued on Thursday. Cormark analyst K. Mcphee now forecasts that the company will post earnings per share of $0.01 for the year, down from their prior forecast of $0.38.
Several other brokerages have also recently weighed in on AGT. Raymond James Financial dropped their price target on shares of 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 shares of 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 shares of AGT Food and Ingredients from C$27.50 to C$22.00 in a research report on Thursday, March 8th. Finally, Scotiabank decreased 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 research note on Thursday, March 22nd. One equities research 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. AGT Food and Ingredients presently has an average rating of “Hold” and an average target price of C$20.70.
In other news, insider Financial Holdings Lim Fairfax acquired 183,700 shares of the firm’s stock in a transaction on Monday, March 12th. The stock was purchased at an average price of C$16.25 per share, for a total transaction of C$2,985,125.00. In the last quarter, insiders acquired 186,231 shares of company stock valued at $3,025,948.
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AGT Food and Ingredients Company Profile
AGT Food and Ingredients Inc produces and exports pulses, staple foods, and food ingredients worldwide. It operates through three segments: Pulse and Grain Processing; Food Ingredients and Packaged Foods; and Bulk Handling and Distribution. The company offers lentils, peas, chickpeas, beans, popcorn, canary seed, flax and other specialty seeds.
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