Ag Growth International (TSE:AFN) Stock Price Down 5.6% Following Analyst Downgrade

Ag Growth International Inc. (TSE:AFN) fell 5.6% on Monday after Desjardins lowered their price target on the stock from C$47.00 to C$40.00. Desjardins currently has a buy rating on the stock. Ag Growth International traded as low as C$26.74 and last traded at C$27.33. 67,320 shares traded hands during mid-day trading, a decline of 63% from the average session volume of 183,409 shares. The stock had previously closed at C$28.94.

Other research analysts also recently issued research reports about the stock. National Bankshares raised their price target on shares of Ag Growth International from C$37.00 to C$39.00 and gave the stock an “outperform” rating in a research note on Monday. Cormark set a C$35.00 price target on shares of Ag Growth International and gave the company a “market perform” rating in a research note on Monday. Raymond James Financial upgraded Ag Growth International from a “hold” rating to a “moderate buy” rating and set a C$52.00 price target for the company in a report on Friday. Cibc Captl Mkts downgraded Ag Growth International from a “strong-buy” rating to a “hold” rating in a report on Monday, November 17th. Finally, ATB Capital set a C$36.00 target price on Ag Growth International and gave the company an “outperform” rating in a research report on Monday. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$39.63.

Key Ag Growth International News

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

• Positive Sentiment: Raymond James upgraded AFN, a catalyst behind recent buying interest. Ag Growth International (TSE:AFN) Upgraded at Raymond James Financial
• Positive Sentiment: National Bankshares raised its price target from C$37.00 to C$39.00 and gave an “outperform” rating — a fresh vote of confidence that implies meaningful upside. BayStreet Analyst Ratings
• Positive Sentiment: ATB Capital set a new C$36.00 target and an “outperform” rating, another upward revision supporting medium-term upside. BayStreet Analyst Ratings TickerReport
• Positive Sentiment: Market action earlier this week showed a sharp move higher — AFN was reported up ~27.5% after an analyst upgrade, demonstrating how sensitive the stock is to coverage changes. Stock Price Up After Analyst Upgrade
• Neutral Sentiment: Cormark initiated coverage with a C$35.00 price target and “market perform” — a neutral stance that signals limited near-term conviction from that shop. BayStreet Analyst Ratings
• Negative Sentiment: Desjardins lowered its price target from C$47.00 to C$40.00 (while keeping a “buy” rating). The cut narrows upside expectations and likely contributed to profit‑taking and today’s pullback. BayStreet Analyst Ratings

Ag Growth International Stock Down 7.6%

The business has a 50 day moving average of C$24.29 and a two-hundred day moving average of C$34.38. The stock has a market capitalization of C$503.14 million, a PE ratio of -55.73, a PEG ratio of 1.30 and a beta of 0.76. The company has a debt-to-equity ratio of 277.31, a quick ratio of 0.84 and a current ratio of 1.41.

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