Ag Growth International (TSE:AFN) Price Target Cut to C$40.00 by Analysts at Desjardins

Ag Growth International (TSE:AFN) had its price objective cut by research analysts at Desjardins from C$47.00 to C$40.00 in a research note issued on Monday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Desjardins’ price objective points to a potential upside of 49.81% from the stock’s current price.

A number of other research firms have also recently commented on AFN. CIBC cut shares of Ag Growth International from an “outperform” rating to a “neutral” rating and decreased their target price for the stock from C$58.00 to C$33.00 in a research note on Monday, November 17th. ATB Capital set a C$36.00 price objective on shares of Ag Growth International and gave the company an “outperform” rating in a research report on Monday. Royal Bank Of Canada cut shares of Ag Growth International from a “moderate buy” rating to a “hold” rating and lowered their target price for the company from C$50.00 to C$25.00 in a research note on Monday, November 17th. Cibc Captl Mkts lowered Ag Growth International from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 17th. Finally, Raymond James Financial raised Ag Growth International from a “hold” rating to a “moderate buy” rating and set a C$52.00 price target on the stock in a report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, Ag Growth International has an average rating of “Moderate Buy” and a consensus target price of C$39.63.

Ag Growth International Stock Performance

Shares of TSE:AFN traded down C$2.24 during midday trading on Monday, hitting C$26.70. The company had a trading volume of 260,464 shares, compared to its average volume of 218,433. Ag Growth International has a 12-month low of C$17.93 and a 12-month high of C$46.20. The company has a fifty day moving average of C$24.29 and a two-hundred day moving average of C$34.38. The company has a market cap of C$502.20 million, a price-to-earnings ratio of -55.63, a PEG ratio of 1.30 and a beta of 0.76. The company has a debt-to-equity ratio of 277.31, a current ratio of 1.41 and a quick ratio of 0.84.

Ag Growth International (TSE:AFN) last issued its quarterly earnings results on Thursday, January 8th. The company reported C$0.80 EPS for the quarter. Ag Growth International had a return on equity of 7.48% and a net margin of 1.71%.The business had revenue of C$389.43 million during the quarter. On average, equities research analysts expect that Ag Growth International will post 6.5761006 EPS for the current fiscal year.

About Ag Growth International

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.