National Bank Financial Downgrades AGT Food and Ingredients (AGT) to Tender

AGT Food and Ingredients (TSE:AGT) was downgraded by stock analysts at National Bank Financial from a “sector perform” rating to a “tender” rating in a research report issued on Thursday. They presently have a C$18.00 target price on the stock. National Bank Financial’s price objective suggests a potential upside of 6.82% from the stock’s current price.

Separately, BMO Capital Markets cut AGT Food and Ingredients from an “outperform” rating to a “market perform” rating and cut their target price for the stock from C$20.00 to C$19.00 in a research report on Tuesday, October 2nd.

TSE:AGT opened at C$16.85 on Thursday. The company has a debt-to-equity ratio of 239.16, a quick ratio of 0.64 and a current ratio of 1.67. AGT Food and Ingredients has a 12-month low of C$13.00 and a 12-month high of C$22.70.

AGT Food and Ingredients (TSE:AGT) last released its earnings results on Monday, November 12th. The company reported C$0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.03 by C$0.16. The business had revenue of C$254.75 million for the quarter, compared to analysts’ expectations of C$410.20 million. On average, sell-side analysts forecast that AGT Food and Ingredients will post 1.1200000635461 EPS for the current year.

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.

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