Raymond James Financial Downgrades Ag Growth International (TSE:AFN) to Hold

Ag Growth International (TSE:AFN) was downgraded by stock analysts at Raymond James Financial from a “moderate buy” rating to a “hold” rating in a research note issued on Thursday,Zacks.com reports.

Other equities analysts have also recently issued research reports about the company. Desjardins decreased their price target on Ag Growth International from C$49.00 to C$47.00 and set a “buy” rating on the stock in a report on Monday, October 27th. TD Securities boosted their price target on shares of Ag Growth International from C$55.00 to C$57.00 and gave the stock a “buy” rating in a research note on Tuesday, August 5th. Atb Cap Markets raised shares of Ag Growth International from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 5th. Finally, Royal Bank Of Canada cut their price target on Ag Growth International from C$55.00 to C$50.00 and set an “outperform” rating on the stock in a research note on Tuesday, October 14th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Ag Growth International presently has a consensus rating of “Moderate Buy” and a consensus price target of C$50.43.

Ag Growth International Price Performance

AFN traded down C$13.03 during midday trading on Thursday, hitting C$19.42. The company had a trading volume of 2,050,503 shares, compared to its average volume of 92,684. The company has a debt-to-equity ratio of 277.31, a quick ratio of 0.84 and a current ratio of 1.41. The company has a market capitalization of C$365.10 million, a PE ratio of -53.94, a P/E/G ratio of 1.30 and a beta of 1.11. Ag Growth International has a twelve month low of C$18.65 and a twelve month high of C$55.41. The firm’s 50-day simple moving average is C$35.86 and its 200-day simple moving average is C$38.90.

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.