ATB Capital Reiterates C$36.00 Price Target for Ag Growth International (TSE:AFN)

Ag Growth International (TSE:AFN) has been assigned a C$36.00 target price by equities researchers at ATB Capital in a research report issued to clients and investors on Monday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. ATB Capital’s price target indicates a potential upside of 34.83% from the company’s current price.

Other analysts have also recently issued reports about the company. Raymond James Financial raised 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 cut shares of Ag Growth International from an “outperform” rating to a “neutral” rating and reduced their price objective for the company from C$58.00 to C$33.00 in a research note on Monday, November 17th. Royal Bank Of Canada lowered shares of Ag Growth International from a “moderate buy” rating to a “hold” rating and lowered their target price for the stock from C$50.00 to C$25.00 in a research report on Monday, November 17th. 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 report on Monday. Finally, Desjardins lowered 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. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$39.63.

Ag Growth International Stock Performance

AFN traded down C$2.24 during trading on Monday, hitting C$26.70. The stock had a trading volume of 260,464 shares, compared to its average volume of 218,433. The firm has a market capitalization of C$502.20 million, a P/E ratio of -55.63, 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 has a twelve month low of C$17.93 and a twelve month high of C$46.20. The company’s 50-day moving average price is C$24.29 and its 200 day moving average price is C$34.38.

Ag Growth International (TSE:AFN) last released 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 company had revenue of C$389.43 million during the quarter. On average, equities research analysts forecast that Ag Growth International will post 6.5761006 EPS for the current fiscal 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.