Ag Growth International (TSE:AFN) Stock Price Up 31.7% – Here’s What Happened

by · The Markets Daily

Ag Growth International Inc. (TSE:AFN – Get Free Report)’s share price traded up 31.7% during mid-day trading on Wednesday. The stock traded as high as C$8.90 and last traded at C$8.15. 623,678 shares changed hands during trading, an increase of 341% from the average daily volume of 141,531 shares. The stock had previously closed at C$6.19.

Analyst Ratings Changes

Several equities research analysts have recently commented on AFN shares. Desjardins reduced their price target on shares of 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. National Bank Financial reduced their target price on shares of Ag Growth International from C$20.00 to C$19.00 and set a “sector perform” rating for the company in a report on Friday, July 31st. Royal Bank Of Canada decreased their price target on shares of 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. ATB Cormark Capital Markets lowered their price target on shares of Ag Growth International from C$25.00 to C$18.00 and set a “sector perform” rating on the stock in a report on Friday, July 31st. Finally, TD Securities downgraded shares of Ag Growth International from a “strong-buy” rating to a “hold” rating in a research report on Monday. Three investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of C$23.56.

Get Our Latest Stock Analysis on Ag Growth International

Ag Growth International Price Performance

The stock’s 50 day simple moving average is C$14.02 and its 200-day simple moving average is C$18.50. The firm has a market cap of C$154.82 million, a price-to-earnings ratio of -1.32, a price-to-earnings-growth ratio of 1.30 and a beta of 1.15. The company has a debt-to-equity ratio of 541.43, a quick ratio of 0.84 and a current ratio of 1.30.

Ag Growth International (TSE:AFN – Get Free Report) last posted its quarterly earnings data on Wednesday, July 29th. The company reported C($2.06) EPS for the quarter. The company had revenue of C$323.18 million for the quarter. Ag Growth International had a negative return on equity of 48.31% and a negative net margin of 8.43%. Equities research analysts anticipate that Ag Growth International Inc. will post 6.5761006 EPS for the current fiscal year.

Insider Transactions at Ag Growth International

In other news, Director Gary Keith Anderson purchased 21,865 shares of the stock in a transaction on Friday, July 31st. The stock was bought at an average price of C$13.72 per share, with a total value of C$299,987.80. Following the transaction, the director owned 106,990 shares in the company, valued at C$1,467,902.80. The trade was a 25.69% increase in their position. 1.06% of the stock is owned by company insiders.

Ag Growth International Company Profile

(Get Free Report)

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.

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