Key Points
- Director Rohit Bhardwaj bought 8,500 shares of Ag Growth International at C$24.00 each, a transaction worth C$204,000 that increased his stake by 42.5% to 28,500 shares.
- Ag Growth International shares were up 5.7% and opened at C$25.04, while the stock has traded between a 1-year low of C$13.60 and a high of C$44.84.
- The company recently reported a quarterly loss of C($2.35) per share on revenue of C$282.17 million, and analysts currently rate the stock a Hold with a consensus target price of C$28.00.
Ag Growth International Inc. (TSE:AFN - Get Free Report) Director Rohit Bhardwaj bought 8,500 shares of the company's stock in a transaction on Monday, May 11th. The shares were bought at an average price of C$24.00 per share, with a total value of C$204,000.00. Following the completion of the transaction, the director owned 28,500 shares of the company's stock, valued at C$684,000. The trade was a 42.50% increase in their ownership of the stock.
Ag Growth International Trading Up 5.7%
Shares of Ag Growth International stock opened at C$25.04 on Tuesday. Ag Growth International Inc. has a 1 year low of C$13.60 and a 1 year high of C$44.84. The firm has a market cap of C$472.28 million, a PE ratio of -8.76, a PEG ratio of 1.30 and a beta of 1.04. 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 50 day simple moving average of C$21.63 and a two-hundred day simple moving average of C$25.18.
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. Ag Growth International had a negative net margin of 3.80% and a negative return on equity of 20.06%. The company had revenue of C$282.17 million for the quarter. Analysts expect that Ag Growth International Inc. will post 6.5761006 earnings per share for the current fiscal year.
Analyst Ratings Changes
AFN has been the topic of several research reports. Desjardins decreased their price target 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 note on Monday, January 12th. National Bank Financial downgraded shares of Ag Growth International from an "outperform" rating to a "hold" rating and decreased their price target for the stock from C$39.00 to C$24.00 in a research note on Wednesday, March 25th. Canadian Imperial Bank of Commerce lifted their price target on shares of Ag Growth International from C$19.00 to C$23.00 in a research note on Friday, May 1st. TD Securities decreased 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, March 26th. Finally, Cormark set a C$35.00 price target on shares of Ag Growth International and gave the stock a "hold" rating in a research note on Monday, January 12th. Three investment analysts have rated the stock with a Buy rating and five have assigned 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$28.00.
Get Our Latest Analysis on AFN
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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