Ag Growth International (TSE:AFN) Issues Quarterly Earnings Results

Ag Growth International (TSE:AFN) announced its quarterly earnings data on Wednesday. The company reported C$0.16 earnings per share for the quarter, FiscalAI reports. The business had revenue of C$340.50 million for the quarter. Ag Growth International had a negative return on equity of 48.31% and a negative net margin of 8.43%.

Ag Growth International Stock Up 14.9%

Ag Growth International stock opened at C$9.25 on Friday. The firm has a market cap of C$174.64 million, a price-to-earnings ratio of -1.48, a price-to-earnings-growth ratio of 1.30 and a beta of 1.73. Ag Growth International has a 52 week low of C$5.80 and a 52 week high of C$33.00. The business’s 50-day moving average price is C$9.75 and its 200 day moving average price is C$18.38. The company has a quick ratio of 0.84, a current ratio of 1.30 and a debt-to-equity ratio of 541.43.

Analyst Upgrades and Downgrades

A number of research firms recently commented on AFN. Desjardins decreased their target price on Ag Growth International from C$25.00 to C$20.00 and set a “buy” rating for the company in a report on Friday, July 31st. ATB Cormark Capital Markets cut their price target on shares of Ag Growth International from C$18.00 to C$11.00 and set a “sector perform” rating on the stock in a report on Thursday, October 1st. National Bank Financial cut their price target on shares of Ag Growth International from C$19.00 to C$11.00 and set a “sector perform” rating on the stock in a report on Thursday, October 15th. TD Securities cut shares of Ag Growth International from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 28th. Finally, Royal Bank Of Canada reduced their target price on shares of Ag Growth International from C$30.00 to C$20.00 and set an “outperform” rating for the company in a report on Friday, July 31st. Three research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of C$21.89.

About Ag Growth International

Ag Growth International Inc. is a leading manufacturer and supplier of equipment and solutions for the agriculture, fertilizer, feed, food and commercial sectors. With manufacturing facilities and operations on six continents, AGI provides complete systems and services that support producers and processors throughout the agricultural value chain.