Ag Growth International Inc. (TSE:AFN) Receives C$38.25 Average PT from Analysts

Ag Growth International Inc. (TSE:AFN) has been assigned a consensus recommendation of “Moderate Buy” from the eight brokerages that are presently covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is C$38.25.

Several equities analysts have weighed in on the company. National Bank Financial lifted their price objective on Ag Growth International from C$37.00 to C$39.00 and gave the company an “outperform” rating in a report on Monday, January 12th. Royal Bank Of Canada boosted their price target on Ag Growth International from C$25.00 to C$30.00 and gave the company a “sector perform” rating in a research note on Tuesday, January 13th. TD Securities set a C$41.00 price objective on shares of Ag Growth International and gave the stock a “buy” rating in a research report on Tuesday, January 13th. Desjardins decreased their target price on shares of Ag Growth International from C$47.00 to C$40.00 and set a “buy” rating on the stock in a report on Monday, January 12th. Finally, Raymond James Financial upgraded shares of Ag Growth International from a “hold” rating to a “moderate buy” rating and set a C$52.00 target price for the company in a research report on Friday, January 9th.

Ag Growth International Stock Performance

Shares of TSE:AFN opened at C$28.67 on Friday. Ag Growth International has a 12-month low of C$17.93 and a 12-month high of C$44.84. The company’s 50 day moving average price is C$27.48 and its two-hundred day moving average price is C$31.36. The firm has a market cap of C$539.25 million, a PE ratio of -59.73, a PEG ratio of 1.30 and a beta of 0.75. The company has a quick ratio of 0.84, a current ratio of 1.41 and a debt-to-equity ratio of 277.31.

Ag Growth International (TSE:AFN) last released its quarterly earnings results on Thursday, January 8th. The company reported C$0.80 earnings per share for the quarter. The company had revenue of C$389.43 million during the quarter. Ag Growth International had a net margin of 1.71% and a return on equity of 7.48%. Equities research analysts predict that Ag Growth International will post 6.5761006 earnings per share for the current 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.