Ag Growth International (TSE:AFN) Price Target Raised to C$30.00

Ag Growth International (TSE:AFN) had its target price lifted by equities researchers at Royal Bank Of Canada from C$25.00 to C$30.00 in a report issued on Tuesday,BayStreet.CA reports. The firm presently has a “sector perform” rating on the stock. Royal Bank Of Canada’s price objective would suggest a potential upside of 8.03% from the stock’s current price.

A number of other equities research analysts have also recently issued reports on AFN. Cormark set a C$35.00 price objective on Ag Growth International and gave the company a “hold” rating in a research note on Monday. 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 note on Friday. National Bankshares upped their price target on shares of Ag Growth International from C$37.00 to C$39.00 and gave the company an “outperform” rating in a research note on Monday. Desjardins cut their price objective on shares of Ag Growth International from C$47.00 to C$40.00 and set a “buy” rating for the company in a report on Monday. Finally, TD Securities set a C$41.00 target price on shares of Ag Growth International and gave the company a “buy” rating in a report on Tuesday. 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. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$38.25.

Ag Growth International Stock Performance

Ag Growth International stock traded up C$1.02 during trading on Tuesday, hitting C$27.77. The stock had a trading volume of 222,145 shares, compared to its average volume of 232,698. The stock’s 50 day moving average is C$24.10 and its two-hundred day moving average is C$34.27. Ag Growth International has a 1 year low of C$17.93 and a 1 year high of C$44.84. The stock has a market cap of C$522.33 million, a price-to-earnings ratio of -57.85, a price-to-earnings-growth ratio of 1.30 and a beta of 0.76. 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 earnings results on Thursday, January 8th. The company reported C$0.80 earnings per share (EPS) for the quarter. Ag Growth International had a return on equity of 7.48% and a net margin of 1.71%.The business had revenue of C$389.43 million during the quarter. As a group, analysts predict that Ag Growth International will post 6.5761006 EPS for the current year.

Trending Headlines about Ag Growth International

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

• Positive Sentiment: National Bankshares raised its price target to C$39 (from C$37) and kept an “outperform” rating, implying roughly ~46% upside from the reference price. BayStreet.CA
• Positive Sentiment: ATB Capital set a C$36 target and an “outperform” rating (about ~35% upside), another bullish analyst call supporting the move. BayStreet.CA TickerReport
• Positive Sentiment: Raymond James upgraded Ag Growth (coverage/action reported), adding institutional support to the buy-side narrative. Ag Growth International Upgraded at Raymond James Financial
• Neutral Sentiment: Cormark initiated coverage with a C$35 price target and a “hold” rating (~26% upside), a more cautious view that tempers some of the bullishness. BayStreet.CA Zacks.com
• Negative Sentiment: Desjardins cut its price target from C$47 to C$40 but left a “buy” rating—reducing upside expectations relative to its prior view, which signals some moderation in analyst optimism. BayStreet.CA

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.