Ag Growth International (TSE:AFN) Releases Quarterly Earnings Results

Ag Growth International (TSE:AFN) released its quarterly earnings results on Thursday. The company reported C$0.80 earnings per share (EPS) for the quarter, FiscalAI reports. Ag Growth International had a return on equity of 7.48% and a net margin of 1.71%.The company had revenue of C$389.43 million during the quarter.

Ag Growth International Stock Up 22.3%

TSE AFN opened at C$28.94 on Friday. Ag Growth International has a 12 month low of C$17.93 and a 12 month high of C$48.30. The company has a market capitalization of C$544.07 million, a P/E ratio of -80.39, a PEG ratio of 1.30 and a beta of 0.76. The company’s 50 day simple moving average is C$24.29 and its 200 day simple moving average is C$34.48. The company has a debt-to-equity ratio of 277.31, a current ratio of 1.41 and a quick ratio of 0.84.

Analyst Ratings Changes

Several research firms recently weighed in on AFN. CIBC downgraded shares of Ag Growth International from an “outperform” rating to a “neutral” rating and reduced their price objective for the stock from C$58.00 to C$33.00 in a report on Monday, November 17th. Royal Bank Of Canada lowered shares of Ag Growth International from a “moderate buy” rating to a “hold” rating and reduced their price target for the stock from C$50.00 to C$25.00 in a research note on Monday, November 17th. Desjardins lowered their price objective on shares of Ag Growth International from C$49.00 to C$47.00 and set a “buy” rating on the stock in a research note on Monday, October 27th. Raymond James Financial raised Ag Growth International from a “market perform” rating to an “outperform” rating and set a C$52.00 target price on the stock in a report on Friday. Finally, Cibc Captl Mkts downgraded Ag Growth International from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 17th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of C$42.57.

Ag Growth International Company Profile

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.