Key Points
- Director Steven Robert Sommerfeld purchased 8,000 shares at C$17.67 (≈C$141,360), an insider buy that may signal confidence and provide near‑term support for the stock.
- Ag Growth reported a quarterly loss of C($2.62) EPS, with a negative net margin (‑1.86%) and negative ROE (‑9.21%), and the share price remains below its 50‑ and 200‑day moving averages.
- Several analysts and Canadian banks have cut ratings and price targets (e.g., CIBC to C$18), leaving a consensus "Hold" rating and an average target of C$28.75.
Ag Growth International Inc. (TSE:AFN - Get Free Report) Director Steven Robert Sommerfeld acquired 8,000 shares of Ag Growth International stock in a transaction dated Thursday, March 26th. The stock was purchased at an average price of C$17.67 per share, for a total transaction of C$141,360.00. Following the completion of the acquisition, the director directly owned 8,000 shares in the company, valued at approximately C$141,360. This represents a ∞ increase in their position.
Ag Growth International Price Performance
Ag Growth International stock opened at C$17.99 on Friday. The company has a current ratio of 1.28, a quick ratio of 0.84 and a debt-to-equity ratio of 408.06. The company has a fifty day simple moving average of C$27.52 and a 200-day simple moving average of C$28.92. The stock has a market cap of C$339.29 million, a P/E ratio of -12.76, a price-to-earnings-growth ratio of 1.30 and a beta of 0.52. Ag Growth International Inc. has a 12-month low of C$13.60 and a 12-month high of C$44.84.
Ag Growth International (TSE:AFN - Get Free Report) last posted its earnings results 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 business had revenue of C$395.77 million during the quarter. Equities analysts expect that Ag Growth International Inc. will post 6.5761006 EPS for the current fiscal year.
Key Ag Growth International News
Here are the key news stories impacting Ag Growth International this week:
- Positive Sentiment: Director insider purchase — Director Steven Robert Sommerfeld bought 8,000 shares at C$17.67 (≈C$141k), signaling insider confidence and providing a near-term support signal for the share price.
- Positive Sentiment: TD Securities kept a Buy rating despite lowering its target to C$22, leaving a meaningful upside case that may limit downside. BayStreet Article
- Positive Sentiment: ATB Cormark coverage mentioned as a Buy in The Globe and Mail, which can attract investors who follow that call. Globe & Mail: ATB Buy
- Neutral Sentiment: Higher-than-average trading volume and intraday uptick suggest active repositioning: volume ~247k vs avg ~149k, and the stock remains well below its 50- and 200-day averages, indicating continued investor caution.
- Negative Sentiment: Analyst downgrades and price-target cuts — Multiple firms reduced ratings/targets (Raymond James to Hold; National Bank and others lowered ratings/targets), which increases selling pressure and signals weaker near-term sentiment. Raymond James Downgrade National Bank Cut
- Negative Sentiment: Major target cuts from Canadian banks — CIBC cut its target from C$32 to C$18 (now ~flat to current levels), and others trimmed targets significantly, which constrains upside expectations and may weigh on sentiment. BayStreet: Targets Lowered
- Negative Sentiment: Market commentary highlights the stock among small-caps that 'sank' today, reflecting short-term selling momentum and headline-driven pressure. Globe & Mail: Small Caps
Analyst Ratings Changes
AFN has been the topic of several research analyst reports. National Bank Financial lowered Ag Growth International from an "outperform" rating to a "hold" rating and cut their target price for the stock from C$39.00 to C$24.00 in a research report on Wednesday. Royal Bank Of Canada upped their price target on Ag Growth International from C$25.00 to C$30.00 and gave the company a "sector perform" rating in a report on Tuesday, January 13th. TD Securities dropped their price target 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 note on Thursday. Desjardins cut their price objective on shares of Ag Growth International from C$47.00 to C$40.00 and set a "buy" rating on the stock in a report on Monday, January 12th. Finally, Canadian Imperial Bank of Commerce reduced their price objective on shares of Ag Growth International from C$32.00 to C$18.00 in a research report on Thursday. Three investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, Ag Growth International has a consensus rating of "Hold" and an average target price of C$28.75.
Check Out Our Latest Stock Analysis on AFN
Ag Growth International Company Profile
(
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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