Cormark Cuts AGT Food and Ingredients (AGT) Price Target to C$17.50

AGT Food and Ingredients (TSE:AGT) had its price objective trimmed by Cormark from C$18.00 to C$17.50 in a research note issued to investors on Tuesday morning. Cormark also issued estimates for AGT Food and Ingredients’ FY2019 earnings at $1.06 EPS.

A number of other equities research analysts have also issued reports on the stock. CIBC cut their target price on shares of AGT Food and Ingredients from C$24.00 to C$20.00 in a research note on Monday, March 5th. BMO Capital Markets cut their target price on shares of AGT Food and Ingredients from C$27.50 to C$22.00 in a research note on Thursday, March 8th. Scotiabank cut their target price on shares of AGT Food and Ingredients from C$21.50 to C$19.50 and set a sector perform rating on the stock in a research note on Thursday, March 22nd. Finally, Raymond James cut their target price on shares of AGT Food and Ingredients from C$21.00 to C$18.00 and set a market perform rating on the stock in a research note on Thursday, March 22nd. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus target price of C$20.17.

Shares of AGT Food and Ingredients opened at C$16.70 on Tuesday, MarketBeat.com reports. AGT Food and Ingredients has a 1 year low of C$14.75 and a 1 year high of C$28.95.

AGT Food and Ingredients (TSE:AGT) last issued its earnings results on Tuesday, March 20th. The company reported C($0.17) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C($0.03) by C($0.14). The company had revenue of C$459.13 million during the quarter, compared to analyst estimates of C$424.18 million. AGT Food and Ingredients had a negative net margin of 4.53% and a negative return on equity of 21.73%.

In other AGT Food and Ingredients news, insider Financial Holdings Lim Fairfax acquired 183,700 shares of the stock in a transaction that occurred on Monday, March 12th. The stock was acquired at an average price of C$16.25 per share, with a total value of C$2,985,125.00. Also, Director John Michael Gardner acquired 3,000 shares of the stock in a transaction that occurred on Thursday, April 26th. The shares were acquired at an average cost of C$16.47 per share, with a total value of C$49,410.00. In the last ninety days, insiders have purchased 199,446 shares of company stock valued at $3,248,154.

AGT Food and Ingredients Company Profile

AGT Food and Ingredients Inc produces and exports pulses, staple foods, and food ingredients worldwide. It operates through three segments: Pulse and Grain Processing; Bulk Handling and Distribution; and Food Ingredients and Packaged Foods. The company offers lentils, peas, chickpeas, beans, popcorn, canary seed, flax, and other specialty seeds.

Analyst Recommendations for AGT Food and Ingredients (TSE:AGT)

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