Paul Brisebois Buys 32,000 Shares of Ag Growth International (TSE:AFN) Stock

Ag Growth International Inc. (TSE:AFN) insider Paul Brisebois acquired 32,000 shares of the company’s stock in a transaction dated Thursday, March 26th. The shares were purchased at an average price of C$17.09 per share, for a total transaction of C$546,880.00. Following the purchase, the insider directly owned 48,086 shares of the company’s stock, valued at approximately C$821,789.74. This trade represents a 198.93% increase in their ownership of the stock.

Ag Growth International Trading Up 1.7%

TSE AFN opened at C$19.00 on Wednesday. The stock has a market cap of C$358.34 million, a P/E ratio of -13.48, a PEG ratio of 1.30 and a beta of 0.52. The company’s fifty day simple moving average is C$27.08 and its 200-day simple moving average is C$28.48. The company has a current ratio of 1.28, a quick ratio of 0.84 and a debt-to-equity ratio of 408.06. Ag Growth International Inc. has a 52 week low of C$13.60 and a 52 week high of C$44.84.

Ag Growth International (TSE:AFN) last released its quarterly earnings results on Wednesday, March 25th. The company reported C($2.62) earnings per share for the quarter. Ag Growth International had a negative net margin of 1.86% and a negative return on equity of 9.21%. The firm had revenue of C$395.77 million for the quarter. Equities research analysts predict that Ag Growth International Inc. will post 6.5761006 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Cormark set a C$35.00 target price on Ag Growth International and gave the company a “hold” rating in a research note on Monday, January 12th. Desjardins cut their price target on Ag Growth International from C$47.00 to C$40.00 and set a “buy” rating on the stock in a research note on Monday, January 12th. National Bank Financial downgraded Ag Growth International from an “outperform” rating to a “hold” rating and reduced their price target for the company from C$39.00 to C$24.00 in a report on Wednesday, March 25th. Royal Bank Of Canada raised their price objective on Ag Growth International from C$25.00 to C$30.00 and gave the company a “sector perform” rating in a research note on Tuesday, January 13th. Finally, TD Securities dropped their price objective on Ag Growth International from C$41.00 to C$22.00 and set a “buy” rating on the stock in a report on Thursday, March 26th. Three equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of C$28.75.

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.