TD Securities Analysts Give Ag Growth International (TSE:AFN) a C$41.00 Price Target

TD Securities set a C$41.00 price objective on Ag Growth International (TSE:AFN) in a research report released on Tuesday morning, Marketbeat reports. The firm currently has a buy rating on the stock.

A number of other research analysts have also issued reports on the company. Cormark set a C$35.00 target price on Ag Growth International and gave the company a “hold” rating in a report on Monday. ATB Capital set a C$36.00 price target on Ag Growth International and gave the stock an “outperform” rating in a research note on Monday. Cibc Captl Mkts downgraded shares of Ag Growth International from a “strong-buy” rating to a “hold” rating in a report on Monday, November 17th. Desjardins dropped their price target on Ag Growth International from C$47.00 to C$40.00 and set a “buy” rating for the company in a research report on Monday. Finally, Royal Bank Of Canada downgraded shares of Ag Growth International from a “moderate buy” rating to a “hold” rating and reduced their price objective for the company from C$50.00 to C$25.00 in a research note on Monday, November 17th. One 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. Based on data from MarketBeat, Ag Growth International presently has a consensus rating of “Moderate Buy” and a consensus price target of C$38.25.

Ag Growth International Price Performance

Shares of AFN opened at C$29.33 on Tuesday. 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 debt-to-equity ratio of 277.31, a current ratio of 1.41 and a quick ratio of 0.84. The stock has a market cap of C$551.67 million, a PE ratio of -61.10, a price-to-earnings-growth ratio of 1.30 and a beta of 0.76. The firm has a fifty day moving average price of C$23.75 and a 200 day moving average price of C$34.10.

Ag Growth International (TSE:AFN) last announced its earnings results on Thursday, January 8th. The company reported C$0.80 earnings per share (EPS) for the quarter. The firm had revenue of C$389.43 million during the quarter. Ag Growth International had a return on equity of 7.48% and a net margin of 1.71%. As a group, sell-side analysts anticipate that Ag Growth International will post 6.5761006 EPS 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.