ATB Capital Analysts Give Ag Growth International (TSE:AFN) a C$36.00 Price Target

ATB Capital set a C$36.00 price target on Ag Growth International (TSE:AFN) in a research report report published on Monday,BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

AFN has been the subject of a number of other reports. Cibc Captl Mkts cut Ag Growth International from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 17th. Desjardins dropped their target price on Ag Growth International from C$49.00 to C$47.00 and set a “buy” rating for the company in a research report on Monday, October 27th. Raymond James Financial upgraded shares of Ag Growth International from a “hold” rating to a “moderate buy” rating and set a C$52.00 price target on the stock in a research note on Friday, January 9th. CIBC lowered shares of Ag Growth International from an “outperform” rating to a “neutral” rating and lowered their price objective for the company from C$58.00 to C$33.00 in a research note on Monday, November 17th. Finally, Royal Bank Of Canada cut shares of Ag Growth International from a “moderate buy” rating to a “hold” rating and dropped their price objective for the company from C$50.00 to C$25.00 in a report on Monday, November 17th. One research 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 company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of C$38.25.

Ag Growth International Price Performance

Ag Growth International stock opened at C$27.90 on Monday. The company’s 50 day simple moving average is C$23.83 and its 200-day simple moving average is C$34.13. 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 has a 1 year low of C$17.93 and a 1 year high of C$44.84. The company has a market capitalization of C$524.77 million, a price-to-earnings ratio of -58.13, a price-to-earnings-growth ratio of 1.30 and a beta of 0.76.

Ag Growth International (TSE:AFN) last issued its quarterly earnings data on Thursday, January 8th. The company reported C$0.80 EPS for the quarter. The firm had revenue of C$389.43 million for the quarter. Ag Growth International had a net margin of 1.71% and a return on equity of 7.48%. As a group, equities research analysts expect 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.