Ag Growth International (TSE:AFN) Price Target Lowered to C$20.00 at Royal Bank Of Canada

Ag Growth International (TSE:AFN) had its price objective lowered by Royal Bank Of Canada from C$30.00 to C$20.00 in a research report sent to investors on Wednesday morning,BayStreet.CA reports.

Several other equities research analysts have also recently commented on the company. Raymond James Financial cut their price target on Ag Growth International from C$30.00 to C$25.00 in a research note on Thursday, March 26th. Canadian Imperial Bank of Commerce lowered their price objective on shares of Ag Growth International from C$32.00 to C$18.00 in a research report on Thursday, March 26th. ATB Cormark Capital Markets cut shares of Ag Growth International from a “strong-buy” rating to a “moderate buy” rating and set a C$36.00 price objective on the stock. in a research note on Wednesday, March 25th. Desjardins reduced their target price on shares of Ag Growth International from C$47.00 to C$40.00 and set a “buy” rating for the company in a research note on Monday, January 12th. Finally, National Bank Financial downgraded shares of Ag Growth International from an “outperform” rating to a “hold” rating and lowered their target price for the company from C$39.00 to C$24.00 in a report on Wednesday, March 25th. Three research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of C$27.50.

Ag Growth International Stock Performance

TSE AFN opened at C$18.42 on Wednesday. The business’s 50-day moving average price is C$26.85 and its 200 day moving average price is C$28.41. The company has a quick ratio of 0.84, a current ratio of 1.28 and a debt-to-equity ratio of 408.06. The firm has a market cap of C$347.40 million, a P/E ratio of -13.06, a P/E/G ratio of 1.30 and a beta of 0.52. Ag Growth International has a 52-week low of C$13.60 and a 52-week high of C$44.84.

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

Insider Activity at Ag Growth International

In other Ag Growth International news, Director Steven Robert Sommerfeld purchased 8,000 shares of Ag Growth International stock in a transaction dated Thursday, March 26th. The stock was acquired at an average cost of C$17.67 per share, with a total value of C$141,360.00. Following the acquisition, the director directly owned 8,000 shares of the company’s stock, valued at C$141,360. This represents a ∞ increase in their ownership of the stock. Also, insider Paul Brisebois purchased 32,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 26th. The stock was acquired at an average price of C$17.09 per share, for a total transaction of C$546,880.00. Following the completion of the purchase, the insider owned 48,086 shares of the company’s stock, valued at approximately C$821,789.74. This represents a 198.93% increase in their ownership of the stock. 1.06% of the stock is 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.