Key Points
- Director Gary Keith Anderson purchased 21,865 shares of Ag Growth International at C$13.72 each, investing nearly C$300,000 and increasing his ownership by 25.69% to 106,990 shares.
- Ag Growth reported a quarterly loss of C$2.06 per share on C$323.18 million in revenue, alongside a negative net margin of 8.43% and negative return on equity of 48.31%.
- Analyst sentiment remains mixed, with an overall “Hold” rating and an average price target of C$23.56; recent target changes ranged from C$18.00 to C$20.00, while the stock opened at C$14.50.
Ag Growth International Inc. (TSE:AFN - Get Free Report) Director Bradley John Wall acquired 1,000 shares of Ag Growth International stock in a transaction on Friday, July 31st. The stock was acquired at an average cost of C$13.75 per share, for a total transaction of C$13,750.00. Following the completion of the purchase, the director owned 2,500 shares of the company's stock, valued at approximately C$34,375. The trade was a 66.67% increase in their position.
Ag Growth International Price Performance
AFN opened at C$14.50 on Thursday. The company has a fifty day moving average price of C$19.80 and a two-hundred day moving average price of C$22.81. The firm has a market capitalization of C$273.48 million, a PE ratio of -2.33, a P/E/G ratio of 1.30 and a beta of 0.94. Ag Growth International Inc. has a 52 week low of C$13.25 and a 52 week high of C$44.24. 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 results on Wednesday, July 29th. The company reported C($2.06) earnings per share for the quarter. Ag Growth International had a negative net margin of 8.43% and a negative return on equity of 48.31%. The company had revenue of C$323.18 million during the quarter. As a group, analysts anticipate that Ag Growth International Inc. will post 6.5761006 earnings per share for the current year.
Analyst Upgrades and Downgrades
Several equities analysts have weighed in on AFN shares. National Bank Financial cut their target price on Ag Growth International from C$20.00 to C$19.00 and set a "sector perform" rating on the stock in a research note on Friday, July 31st. TD upped their price target on Ag Growth International from C$22.00 to C$30.00 and gave the company a "buy" rating in a research note on Tuesday, May 12th. Canadian Imperial Bank of Commerce increased their price target on shares of Ag Growth International from C$19.00 to C$23.00 in a research report on Friday, May 1st. ATB Cormark Capital Markets reduced their price objective 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 research note on Friday, July 31st. Finally, Desjardins decreased their price objective 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. Four investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of C$23.56.
Check Out Our Latest Research Report 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.
Further Reading
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