Ag Growth International (TSE:AFN) Stock Gets Price Target Reduction from Desjardins

Ag Growth International (TSE:AFN) had its price objective reduced by Desjardins from C$20.00 to C$16.00 in a report issued on Friday, BayStreet reports. The firm currently has a “buy” rating on the stock. Desjardins‘s target price points to a potential upside of 77.98% from the company’s current price.

Other analysts have also issued reports about the company. ATB Cormark Capital Markets cut their price target on Ag Growth International from C$18.00 to C$11.00 and set a “sector perform” rating on the stock in a research note on Thursday, October 1st. TD Securities downgraded Ag Growth International from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 28th. Royal Bank Of Canada dropped their price objective on shares of Ag Growth International from C$30.00 to C$20.00 and set an “outperform” rating for the company in a report on Friday, July 31st. Finally, National Bank Financial cut their target price on shares of Ag Growth International from C$19.00 to C$11.00 and set a “sector perform” rating on the stock in a research report on Thursday, October 15th. Four equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, Ag Growth International currently has a consensus rating of “Hold” and a consensus price target of C$19.78.

Ag Growth International Price Performance

Shares of AFN traded down C$0.26 during trading hours on Friday, reaching C$8.99. The stock had a trading volume of 103,229 shares, compared to its average volume of 147,796. Ag Growth International has a 12 month low of C$5.80 and a 12 month high of C$32.75. The stock has a market capitalization of C$169.73 million, a PE ratio of -1.44, a PEG ratio of 1.30 and a beta of 1.73. The company has a debt-to-equity ratio of 541.43, a quick ratio of 0.84 and a current ratio of 1.30. The company’s 50-day moving average is C$9.75 and its two-hundred day moving average is C$18.38.

Ag Growth International (TSE:AFN) last issued its quarterly earnings data on Wednesday, November 11th. The company reported C$0.16 earnings per share for the quarter. The business had revenue of C$340.50 million for the quarter. Ag Growth International had a negative return on equity of 48.31% and a negative net margin of 8.43%. Research analysts expect that Ag Growth International will post 6.58 EPS for the current year.

About Ag Growth International

Ag Growth International Inc. is a leading manufacturer and supplier of equipment and solutions for the agriculture, fertilizer, feed, food and commercial sectors. With manufacturing facilities and operations on six continents, AGI provides complete systems and services that support producers and processors throughout the agricultural value chain.