National Bank Financial Lowers Ag Growth International (TSE:AFN) Price Target to C$19.00

Ag Growth International (TSE:AFN) had its price target decreased by National Bank Financial from C$20.00 to C$19.00 in a report issued on Friday,BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the stock. National Bank Financial’s target price would suggest a potential upside of 40.43% from the stock’s current price.

Other equities research analysts have also recently issued reports about the company. ATB Cormark Capital Markets lifted their price objective on Ag Growth International from C$22.00 to C$25.00 and gave the company a “sector perform” rating in a research report on Thursday, May 7th. Canadian Imperial Bank of Commerce increased their target price on Ag Growth International from C$19.00 to C$23.00 in a report on Friday, May 1st. TD raised their target price on Ag Growth International from C$22.00 to C$30.00 and gave the company a “buy” rating in a research note on Tuesday, May 12th. Finally, Royal Bank Of Canada cut 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 report on Friday. Four equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of C$23.56.

Ag Growth International Price Performance

AFN stock traded down C$0.79 during trading on Friday, hitting C$13.53. 595,111 shares of the stock traded hands, compared to its average volume of 130,951. The stock has a market cap of C$255.19 million, a price-to-earnings ratio of -4.73, a P/E/G ratio of 1.30 and a beta of 0.99. Ag Growth International has a one year low of C$13.46 and a one year high of C$44.84. The company has a current ratio of 1.35, a quick ratio of 0.84 and a debt-to-equity ratio of 497.80. The company has a 50 day simple moving average of C$20.52 and a 200 day simple moving average of C$23.20.

Ag Growth International (TSE:AFN) last issued its quarterly earnings data on Wednesday, July 29th. The company reported C($2.06) earnings per share for the quarter. The firm had revenue of C$323.18 million for the quarter. Ag Growth International had a negative return on equity of 20.06% and a negative net margin of 3.80%. Equities analysts expect that Ag Growth International will post 6.5761006 EPS for the current fiscal year.

Insider Activity at Ag Growth International

In other news, Director Rohit Bhardwaj bought 8,500 shares of the business’s stock in a transaction on Monday, May 11th. The shares were bought at an average cost of C$24.00 per share, for a total transaction of C$204,000.00. Following the completion of the acquisition, the director owned 28,500 shares in the company, valued at approximately C$684,000. This trade represents a 42.50% increase in their position. 1.06% of the stock is currently owned by company insiders.

About Ag Growth International

Ag Growth International Inc manufactures portable and stationary grain handling, storage, and conditioning equipment, including augers, belt conveyors, grain storage bins, grain handling accessories, grain aeration equipment, and grain drying systems. The company operates mainly in Portable handling, permanent handling, storage and conditioning, livestock, and manufacturing sectors. Some of its brands are batco, wheatheart, westfield, storm, rem, hi roller, union iron, hsi, tramco, ptm, vis, nuvision, twister, grain guard, airlanco, westeel, frame, and entringer.