Ag Growth International (TSE:AFN) Stock Price Up 13.7% – Time to Buy?

Ag Growth International Inc. (TSE:AFN)’s share price was up 13.7% during mid-day trading on Thursday. The stock traded as high as C$9.20 and last traded at C$9.15. Approximately 201,245 shares traded hands during mid-day trading, an increase of 36% from the average session volume of 147,470 shares. The stock had previously closed at C$8.05.

Analyst Ratings Changes

A number of research firms have recently commented on AFN. ATB Cormark Capital Markets dropped their price target on Ag Growth International from C$18.00 to C$11.00 and set a “sector perform” rating on the stock in a research report on Thursday, October 1st. TD Securities lowered Ag Growth International from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 28th. Royal Bank Of Canada lowered their target price on Ag Growth International from C$30.00 to C$20.00 and set an “outperform” rating for the company in a research note on Friday, July 31st. National Bank Financial lowered their target price on Ag Growth International from C$19.00 to C$11.00 and set a “sector perform” rating for the company in a research note on Thursday, October 15th. Finally, Desjardins cut their price target on shares of Ag Growth International from C$25.00 to C$20.00 and set a “buy” rating on the stock in a research note on Friday, July 31st. Three analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, Ag Growth International currently has a consensus rating of “Hold” and an average target price of C$21.89.

Ag Growth International Stock Performance

The stock has a fifty day simple moving average of C$9.83 and a 200-day simple moving average of C$18.49. The stock has a market cap of C$175.77 million, a P/E ratio of -1.49, a PEG ratio of 1.30 and a beta of 1.73. 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) last issued its quarterly earnings results on Wednesday, November 11th. The company reported C$0.16 EPS for the quarter. The company had revenue of C$340.50 million for the quarter. Ag Growth International had a negative return on equity of 48.31% and a negative net margin of 8.43%. On average, equities analysts expect that Ag Growth International Inc. will post 6.58 earnings per share for the current year.

About Ag Growth International

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.