Ag Growth International (TSE:AFN) Director Bradley John Wall Acquires 1,000 Shares

Ag Growth International Inc. (TSE:AFN) Director Bradley John Wall bought 1,000 shares of the stock in a transaction on Friday, July 31st. The shares were acquired at an average cost of C$13.75 per share, for a total transaction of C$13,750.00. Following the purchase, the director owned 2,500 shares in the company, valued at approximately C$34,375. This represents a 66.67% increase in their ownership of the stock.

Ag Growth International Stock Performance

AFN stock opened at C$14.50 on Thursday. The firm has a 50 day simple moving average of C$19.80 and a 200 day simple moving average of C$22.81. Ag Growth International Inc. has a 52 week low of C$13.25 and a 52 week high of C$44.24. The stock has a market cap of C$273.48 million, a P/E ratio of -2.33, a P/E/G ratio of 1.30 and a beta of 0.94. The company has a debt-to-equity ratio of 541.43, a quick ratio of 0.84 and a current ratio of 1.30.

Ag Growth International (TSE:AFN) last released its quarterly earnings data on Wednesday, July 29th. The company reported C($2.06) earnings per share for the quarter. The company had revenue of C$323.18 million during the quarter. Ag Growth International had a negative net margin of 8.43% and a negative return on equity of 48.31%. Research analysts anticipate that Ag Growth International Inc. will post 6.5761006 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

AFN has been the topic of a number of recent analyst reports. TD boosted their price target on shares of Ag Growth International from C$22.00 to C$30.00 and gave the company a “buy” rating in a research report on Tuesday, May 12th. ATB Cormark Capital Markets dropped their price target on Ag Growth International from C$25.00 to C$18.00 and set a “sector perform” rating for the company in a report on Friday, July 31st. Desjardins reduced 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 report on Friday, July 31st. National Bank Financial decreased their price objective on shares of Ag Growth International from C$20.00 to C$19.00 and set a “sector perform” rating on the stock in a report on Friday, July 31st. Finally, Canadian Imperial Bank of Commerce boosted their target price on shares of Ag Growth International from C$19.00 to C$23.00 in a research note on Friday, May 1st. Four investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of C$23.56.

Ag Growth International Company Profile

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.