Insider Buying: Ag Growth International (TSE:AFN) Director Buys 21,865 Shares

Ag Growth International Inc. (TSE:AFN) Director Gary Keith Anderson bought 21,865 shares of the firm’s stock in a transaction on Friday, July 31st. The shares were bought at an average cost of C$13.72 per share, with a total value of C$299,987.80. Following the transaction, the director directly owned 106,990 shares of the company’s stock, valued at approximately C$1,467,902.80. This trade represents a 25.69% increase in their ownership of the stock.

Ag Growth International Stock Performance

Shares of Ag Growth International stock traded down C$0.19 on Wednesday, reaching C$14.56. The stock had a trading volume of 104,759 shares, compared to its average volume of 133,422. The company has a debt-to-equity ratio of 541.43, a quick ratio of 0.84 and a current ratio of 1.30. The business’s 50-day moving average price is C$19.97 and its two-hundred day moving average price is C$22.91. The stock has a market cap of C$274.62 million, a P/E ratio of -2.34, a price-to-earnings-growth ratio of 1.30 and a beta of 0.94. Ag Growth International Inc. has a fifty-two week low of C$13.25 and a fifty-two week high of C$44.24.

Ag Growth International (TSE:AFN) last posted its earnings results on Wednesday, July 29th. The company reported C($2.06) earnings per share (EPS) for the quarter. The firm had revenue of C$323.18 million during the quarter. Ag Growth International had a negative net margin of 8.43% and a negative return on equity of 48.31%. On average, sell-side analysts forecast that Ag Growth International Inc. will post 6.5761006 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts recently weighed in on AFN shares. Desjardins decreased their target price on Ag Growth International from C$25.00 to C$20.00 and set a “buy” rating for the company 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 stock a “buy” rating in a report on Tuesday, May 12th. ATB Cormark Capital Markets reduced their price objective on Ag Growth International from C$25.00 to C$18.00 and set a “sector perform” rating for the company in a research report on Friday, July 31st. Royal Bank Of Canada lowered their price objective on shares of Ag Growth International from C$30.00 to C$20.00 and set an “outperform” rating on the stock in a research note on Friday, July 31st. Finally, Canadian Imperial Bank of Commerce boosted their target price on shares of Ag Growth International from C$19.00 to C$23.00 in a research report on Friday, May 1st. Four 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, the stock has a consensus rating of “Hold” and a consensus target price of C$23.56.

Ag Growth International Company Profile

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.