Ag Growth International (TSE:AFN) Cut to “Moderate Buy” at ATB Cormark Capital Markets

ATB Cormark Capital Markets cut shares of Ag Growth International (TSE:AFN) from a strong-buy rating to a moderate buy rating in a research note released on Wednesday, MarketBeat reports. The firm currently has C$36.00 target price on the stock.

Several other research firms have also recently commented on AFN. TD Securities set a C$41.00 price target on Ag Growth International and gave the stock a “buy” rating in a research note on Tuesday, January 13th. National Bank Financial downgraded Ag Growth International from an “outperform” rating to a “hold” rating and dropped their price objective for the stock from C$39.00 to C$24.00 in a report on Wednesday. Raymond James Financial raised 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 report on Friday, January 9th. Royal Bank Of Canada increased their target price 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. Finally, Cormark set a C$35.00 price target on shares of Ag Growth International and gave the company a “hold” rating in a report on Monday, January 12th. Three research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of C$28.75.

Ag Growth International Price Performance

Shares of AFN stock opened at C$17.99 on Wednesday. The firm has a fifty day simple moving average of C$27.52 and a 200-day simple moving average of C$28.92. The company has a market capitalization of C$339.29 million, a PE ratio of -12.76, a price-to-earnings-growth ratio of 1.30 and a beta of 0.52. Ag Growth International has a twelve month low of C$13.60 and a twelve month high of C$44.84. The company has a current ratio of 1.28, a quick ratio of 0.84 and a debt-to-equity ratio of 408.06.

Ag Growth International (TSE:AFN) last released its quarterly earnings results on Wednesday, March 25th. The company reported C($2.62) earnings per share (EPS) for the quarter. The firm had revenue of C$395.77 million for the quarter. Ag Growth International had a negative return on equity of 9.21% and a negative net margin of 1.86%. Equities research analysts anticipate that Ag Growth International will post 6.5761006 earnings per share for the current fiscal year.

Insider Transactions at Ag Growth International

In other Ag Growth International news, Director Steven Robert Sommerfeld acquired 8,000 shares of the firm’s stock in a transaction on Thursday, March 26th. The stock was purchased at an average price of C$17.67 per share, with a total value of C$141,360.00. Following the completion of the acquisition, the director directly owned 8,000 shares in the company, valued at C$141,360. This trade represents a ∞ increase in their position. 1.06% of the stock is owned by company insiders.

Ag Growth International News Summary

Here are the key news stories impacting Ag Growth International this week:

• Positive Sentiment: Director insider purchase — Director Steven Robert Sommerfeld bought 8,000 shares at C$17.67 (≈C$141k), signaling insider confidence and providing a near-term support signal for the share price.
• Positive Sentiment: TD Securities kept a Buy rating despite lowering its target to C$22, leaving a meaningful upside case that may limit downside. BayStreet Article
• Positive Sentiment: ATB Cormark coverage mentioned as a Buy in The Globe and Mail, which can attract investors who follow that call. Globe & Mail: ATB Buy
• Neutral Sentiment: Higher-than-average trading volume and intraday uptick suggest active repositioning: volume ~247k vs avg ~149k, and the stock remains well below its 50- and 200-day averages, indicating continued investor caution.
• Negative Sentiment: Analyst downgrades and price-target cuts — Multiple firms reduced ratings/targets (Raymond James to Hold; National Bank and others lowered ratings/targets), which increases selling pressure and signals weaker near-term sentiment. Raymond James Downgrade National Bank Cut
• Negative Sentiment: Major target cuts from Canadian banks — CIBC cut its target from C$32 to C$18 (now ~flat to current levels), and others trimmed targets significantly, which constrains upside expectations and may weigh on sentiment. BayStreet: Targets Lowered
• Negative Sentiment: Market commentary highlights the stock among small-caps that ‘sank’ today, reflecting short-term selling momentum and headline-driven pressure. Globe & Mail: Small Caps

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.