Analysts Set Ag Growth International Inc. (TSE:AFN) Price Target at C$38.25

Shares of Ag Growth International Inc. (TSE:AFN) have received an average recommendation of “Moderate Buy” from the eight brokerages that are covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is C$38.25.

A number of equities research analysts have recently commented on AFN shares. Royal Bank Of Canada increased their price target on shares of Ag Growth International from C$25.00 to C$30.00 and gave the company a “sector perform” rating in a report on Tuesday, January 13th. ATB Cormark Capital Markets set a C$36.00 price objective on shares of Ag Growth International and gave the stock an “outperform” rating in a report on Monday, January 12th. TD Securities set a C$41.00 price objective on Ag Growth International and gave the company a “buy” rating in a research report on Tuesday, January 13th. Raymond James Financial upgraded Ag Growth International from a “hold” rating to a “moderate buy” rating and set a C$52.00 target price on the stock in a research note on Friday, January 9th. Finally, Desjardins reduced their target price on Ag Growth International from C$47.00 to C$40.00 and set a “buy” rating for the company in a report on Monday, January 12th.

Ag Growth International Stock Performance

Shares of Ag Growth International stock opened at C$23.92 on Tuesday. Ag Growth International has a 1 year low of C$17.93 and a 1 year high of C$44.84. The firm’s 50-day moving average is C$28.28 and its 200 day moving average is C$29.54. The stock has a market cap of C$449.91 million, a price-to-earnings ratio of -49.83, a PEG ratio of 1.30 and a beta of 0.52. The company has a debt-to-equity ratio of 307.12, a current ratio of 1.70 and a quick ratio of 0.84.

Ag Growth International (TSE:AFN) last released its quarterly earnings data on Friday, January 9th. The company reported C$0.80 earnings per share for the quarter. The business had revenue of C$389.43 million during the quarter. Ag Growth International had a negative net margin of 0.66% and a negative return on equity of 3.11%. Sell-side analysts anticipate that Ag Growth International will post 6.5761006 EPS 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.