Ag Growth International (TSE:AFN) Upgraded at Royal Bank Of Canada

by · The Cerbat Gem

Ag Growth International (TSE:AFN – Get Free Report) was upgraded by equities research analysts at Royal Bank Of Canada from a “sector perform” rating to an “outperform” rating in a research note issued to investors on Monday,BayStreet.CA reports. The brokerage currently has a C$30.00 target price on the stock, up from their prior target price of C$25.00. Royal Bank Of Canada’s price objective would indicate a potential upside of 20.63% from the stock’s previous close.

Other analysts have also recently issued reports about the stock. Desjardins decreased their target price on shares of Ag Growth International from C$47.00 to C$40.00 and set a “buy” rating on the stock in a research report on Monday, January 12th. TD Securities reduced their price objective on shares of Ag Growth International from C$41.00 to C$22.00 and set a “buy” rating on the stock in a research report on Thursday, March 26th. Canadian Imperial Bank of Commerce increased their price objective on shares of Ag Growth International from C$19.00 to C$23.00 in a research report on Friday, May 1st. National Bank Financial lowered shares of Ag Growth International from an “outperform” rating to a “hold” rating and reduced their price objective for the stock from C$39.00 to C$24.00 in a research report on Wednesday, March 25th. Finally, ATB Cormark Capital Markets increased their price objective on shares of Ag Growth International from C$22.00 to C$25.00 and gave the stock a “sector perform” rating in a research report on Thursday. Three equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of C$28.00.

Check Out Our Latest Research Report on AFN

Ag Growth International Price Performance

Shares of TSE AFN traded up C$1.17 during mid-day trading on Monday, hitting C$24.87. 158,762 shares of the company’s stock traded hands, compared to its average volume of 134,794. The company’s 50-day moving average is C$21.79 and its two-hundred day moving average is C$25.32. The company has a debt-to-equity ratio of 497.80, a current ratio of 1.35 and a quick ratio of 0.84. The company has a market capitalization of C$469.07 million, a P/E ratio of -8.70, a PEG ratio of 1.30 and a beta of 1.04. Ag Growth International has a 1 year low of C$13.60 and a 1 year high of C$44.84.

Ag Growth International (TSE:AFN – Get Free Report) last announced its earnings results on Wednesday, May 6th. The company reported C($2.35) earnings per share (EPS) for the quarter. The business had revenue of C$282.17 million for the quarter. Ag Growth International had a negative net margin of 3.80% and a negative return on equity of 20.06%. On average, equities analysts anticipate that Ag Growth International will post 6.5761006 EPS for the current fiscal year.

Insider Buying and Selling

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

About Ag Growth International

(Get Free Report)

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.

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