Ag Growth International (TSE:AFN) Cut to “Hold” at TD Securities

TD Securities lowered shares of Ag Growth International (TSE:AFN) from a strong-buy rating to a hold rating in a report published on Monday morning,Zacks reports.

Several other research firms have also issued reports on AFN. Desjardins dropped their price objective on Ag Growth International from C$25.00 to C$20.00 and set a “buy” rating for the company in a research note on Friday, July 31st. National Bank Financial decreased their target price on Ag Growth International from C$20.00 to C$19.00 and set a “sector perform” rating on the stock in a research note on Friday, July 31st. Royal Bank Of Canada dropped 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 research report on Friday, July 31st. Finally, ATB Cormark Capital Markets cut their price objective 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. Three investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of C$23.56.

Ag Growth International Price Performance

Shares of TSE:AFN opened at C$7.90 on Monday. The company has a 50 day moving average of C$13.78 and a 200 day moving average of C$18.38. The stock has a market cap of C$149.15 million, a P/E ratio of -1.27, a P/E/G ratio of 1.30 and a beta of 1.15. Ag Growth International has a 12 month low of C$5.80 and a 12 month high of C$38.09. The company has a current ratio of 1.30, a quick ratio of 0.84 and a debt-to-equity ratio of 541.43.

Ag Growth International (TSE:AFN) last posted its earnings results on Wednesday, July 29th. The company reported C($2.06) earnings per share (EPS) for the quarter. The firm had revenue of C$323.18 million during the quarter. Ag Growth International had a negative return on equity of 48.31% and a negative net margin of 8.43%. As a group, sell-side analysts forecast that Ag Growth International will post 6.5761006 EPS for the current fiscal year.

Insider Transactions at Ag Growth International

In related news, Director Gary Keith Anderson bought 21,865 shares of the business’s stock in a transaction that occurred on Friday, July 31st. The stock was bought at an average cost of C$13.72 per share, for a total transaction of C$299,987.80. Following the completion of the transaction, the director owned 106,990 shares of the company’s stock, valued at approximately C$1,467,902.80. The trade was a 25.69% increase in their ownership of the stock. Company insiders own 1.06% of the company’s stock.

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.