Ag Growth International (TSE:AFN) Given New C$39.00 Price Target at National Bankshares

Ag Growth International (TSE:AFN) had its target price hoisted by equities researchers at National Bankshares from C$37.00 to C$39.00 in a research note issued to investors on Monday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. National Bankshares’ price target would indicate a potential upside of 46.07% from the stock’s current price.

Other research analysts have also recently issued research reports about the stock. Desjardins reduced their price target on shares of Ag Growth International from C$49.00 to C$47.00 and set a “buy” rating for the company in a report on Monday, October 27th. Cibc Captl Mkts lowered shares of Ag Growth International from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 17th. ATB Capital set a C$36.00 target price on Ag Growth International and gave the stock an “outperform” rating in a report on Monday. Cormark set a C$35.00 price target on Ag Growth International and gave the company a “market perform” rating in a report on Monday. Finally, Raymond James Financial raised Ag Growth International from a “hold” rating to a “moderate buy” rating and set a C$52.00 price objective for the company in a research report on Friday. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Ag Growth International currently has a consensus rating of “Moderate Buy” and a consensus target price of C$39.63.

Ag Growth International Trading Down 7.7%

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

Ag Growth International (TSE:AFN) last released 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 company had revenue of C$389.43 million for the quarter. As a group, analysts forecast that Ag Growth International will post 6.5761006 earnings per share for the current fiscal year.

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.