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Ag Growth International (TSEAFN) Price Reaches C$68

Recently, stock analysts at Laurentian managed to life the price objective for the AG Growth International (TSE:AFN) from C$65 to C$68. The source of this information was a research note they issued on Thursday, March 15th. The firm currently has a ‘buy’ rating on its stock. Moreover, the Laurentian price objective suggests a possible upside of 30.02% of the previous close of the company.

More Reports on the Topic

However, AFN has been treated by a number of other reports as well. For example, Raymond James Financial had decreased their price target for the AG Growth International from C$63 to C$60. Moreover, they had set an ‘outperform’ rating on the stock in the report they had issued back on November 15th. At the same time, the National Bank Financial raised the price target from C$65 to C$67. They also gave the company the ‘outperform’ rating on March 15th.

Furthermore, CIBC raised the price target for this company from C$65 to C$70 back in January. Seven other equities research analysts rated the stock with ‘buy’ and one gave the company a strong buy rating. Currently, the AG Growth International has an average rating of ‘buy’. Its consensus price target has reached C$65.38.

More about AG Growth International

AG Growth International Inc., together with all its subsidiaries, are into the manufacturing and distribution of grain handling, storage, and conditioning equipment. They do this for Canada, the United States, as well as internationally. The company is responsible for offering portable handling equipment, for example belt conveyors, storm seed treaters, augers, etc. Moreover, they offer permanent handling equipment, such as TA tapered auger vertical blend systems, distributors, enclosed belt conveyors, and so on. It is a very important company for people who are working in the farming industry and need special equipment to handle their business.

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Economy News

Guggenheim Restates Shares Rating for Michael Cos.

On Wednesday, the research analysts at Guggenheim issued a research note that reiterates the ‘buy’ rating for Michael Cos. (NASDAQ:MIK). Currently, these have a $30 target price on the stock, which is lower than the previous price of $33. The price target set by Guggenheim shows a possible upside of 26.26% from the previous close of the company.

More Comments on MIK

However, there were many other research firms that had recently commented on MIK. For example, SunTrust Banks Inc. also restated a ‘buy’ rating on the Michael Cos. Shares in August. Back on October 26th, Zacks Investment Research also downgraded MIK from the ‘hold’ to ‘sell’ rating. At the same time, the Telsey Advisory Group cut the price objective from $28 to $27. Even more so, they had set a ‘market perform’ rating on the stock in the report they issued on Wednesday.

Moreover, the Bank of America Corp. downgraded Michael Cos., switching from a ‘buy’ rating to a ‘neutral’ one in the report they issued back on November 4th. Credit Suisse Group upgraded them from ‘neutral’ to ‘outperform’ and decided on a $29 price objective on the stock back in September. Now, the company has the average rating of ‘hold’ and the consensus price target reached $29.55.

More Information about the Michael Cos. Situation

In other news, EVP Philo Pappas managed to sell 1,152 shares of this stock in a transaction back on December 2nd. The stock had been sold at the time for an average price of $23.92, and the transaction totaled $27,555.84. The sale was made official in a legal filing with the SEC, which you can find on the SEC website. What’s more, there are several hedge funds, as well as other institutional investors that have modified their holdings of MIK. It remains to be seen how things will evolve for Michael Cos. and how many people will be more interested in their shares.

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Crypto Finance News

Ripple (XRP) and How the Future Will Change

Ripple (XRP) is one of the most famous cryptocurrencies of the moment. However, it doesn’t work only for itself. Together with Bitcoin and other successful such currencies, they are building a base of trading. This is possible even despite the violent sell-off and the massive fluctuation that characterizes these currencies.

Ripple settled on the third position when it comes to market capitalization, following just behind Ethereum and Bitcoin. It started its way into this world as a financial solution and protocol, so they promised to deliver a fast transaction completion, plus an understandable price.

What’s Next?

If you’re a Ripple enthusiast, then you must be eager to witness the release of various projects Ripple is planning. For example, they want to set up the XRP token to be accepted in cross-border payments. They plan to release a mobile XRP, which would be used by Western Union and Santander Bank. This would mean that any trading becomes even more lucrative and convenient for people who use it.

Another major development that is to come is the Cobalt Algorithm. This was introduced by Ethan MacBrough, who is a Ripple employee, as well as a great cryptocurrency architect. The purpose of this algorithm is to reduce the time for such a cross-border transaction to almost 1 second. Before, it used to take 3 – 4 seconds. All this translates to a boost in what concerns daily transactions, as well as the cryptocurrency’s popularity.

More Good News

Furthermore, Ripple also announced they will be partnering with Hyperledger. This is an open source initiative, which is essential for the unfolding of their infrastructure on a long-term view. Both companies are quite confident in this partnership and hope to reach great results. According to a tweet by Hyperledger, 14 organizations worldwide (India, Switzerland, Spain, BVIs) are going to invest in an open blockchain, as well as the distributed ledger technologies.

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Economy News

What are the Negative Effects of the Amazon Headquarters?

Amazon is planning to open its second headquarters and it has turned this into a contest. At the moment, numerous states and cities are competing in order to win the Amazon headquarters. That is because Amazon has promised that H2Q will improve the prosperity of the city, just as it has happened to Seattle.

While it is true that Seattle’s economic state improved thanks to Amazon and more than 40,000 people received a job, there are also some negative aspects. Here are some of them:

Gentrification

In Seattle, the Amazon headquarters led to bigger rents and growing prices, and soon it became hard to afford a place to stay, which also hurt the culture of the city. “High demand and low inventory creates bidding wars and animosity among those who can’t even afford a starter home in the city they grew up in,” explained Kurt Schlosser.

The homeless population is rising and that is because more and more people can’t afford homes. This becomes clear if we take a look at a homeless shelter. For example, Mary’s Place, a non profit shelter, had 2,300 beds in 2010, and the number went up to 170,000 in 2017.

Traffic

With a booming tech industry, there is also more traffic. Congestion got a lot worse as the Amazon headquarters attracts thousands of new residents. Seattle became one of the worst cities when it comes to traffic and it was even placed in top 10 US cites when it comes to this.

Local businesses are shut down

While the tech industry might see an evolution, local businesses had to suffer in Seattle. Numerous coffee shops, restaurants or grocery stores went out of business, and this happened mostly in the neighborhood where the Amazon headquarters is located.

Categories
Economy News

American Tower Corporation (AMT) Stock Formed a Descending Triangle

The stock of the American Tower Corporation formed a bullish descending triangle pattern with $153.53 target. If we take a look at the triangle pattern for the last six months, it is safe to say that the risk is not high for the company.

The worth of the company could grow to $4.94B if the price reaches $153.53. The descending triangle pattern can offer us a lot of information and it might be even more useful than the ascending one. We can tell that the average rise and decline is 47% and the throwback rates are 37% and 54%. The rate for up and down breakouts is 7% and 16%.

The stock for American Tower Corporation stock decreased for $1.92 (by 1.33%) during the last trading session. A the moment, the price reached $142.16. When it comes to shares that were traded, there are around 1.53M.

American Tower Corporation shares

We can take a look at the American Tower Corporation investors and how many shares they all own. For example Highland Cap Management has 17,500 shares, while Bbva Compass National Bank Incorporated manages to surpass it at 19,086 shares. Meanwhile Selkirk Management Ltd Liability Com owns 49,150 shares, and Whitnell And invested 0.07% of its portfolio.

Trb Lp invested 2,54% in American Tower Corporation, WHILE Silvercrest Asset Mngmt Gp Lc has 11,709 shares or 0.02%. Symphony Asset Mgmt Limited Co invested 10,762 shares or 0.16%. First Interstate Comml Bank reported that it has  0.05% invested.

If we take a look at the complete picture, we can see that 301 investors raised stakes, while 47 sold their shares. Additionally, 280 investors reduced holdings when it came to American Tower Corporation. There were reported 377.89 million shares, which is 0.11% less than the 378.31 million shares that were reported in 2017Q3.

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