Cormark Analysts Give Ag Growth International (TSE:AFN) a C$35.00 Price Target

Cormark set a C$35.00 price objective on Ag Growth International (TSE:AFN) in a research note published on Monday morning, MarketBeat.com reports. The firm currently has a hold rating on the stock.

Several other research firms have also issued reports on AFN. National Bankshares lowered their target price on shares of Ag Growth International from C$49.00 to C$37.00 and set an “outperform” rating for the company in a report on Monday, December 1st. Royal Bank Of Canada downgraded shares of Ag Growth International from a “moderate buy” rating to a “hold” rating and decreased their price objective for the stock from C$50.00 to C$25.00 in a research note on Monday, November 17th. Raymond James Financial raised Ag Growth International from a “hold” rating to a “moderate buy” rating and set a C$52.00 target price on the stock in a research note on Friday, January 9th. CIBC downgraded Ag Growth International from an “outperform” rating to a “neutral” rating and reduced their price target for the stock from C$58.00 to C$33.00 in a report on Monday, November 17th. Finally, Cibc Captl Mkts lowered Ag Growth International from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 17th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Ag Growth International currently has a consensus rating of “Moderate Buy” and an average target price of C$38.25.

Ag Growth International Price Performance

Shares of Ag Growth International stock opened at C$27.90 on Monday. The stock has a market cap 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. 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 stock has a 50 day moving average price of C$23.83 and a 200-day moving average price of C$34.13. Ag Growth International has a one year low of C$17.93 and a one year high of C$44.84.

Ag Growth International (TSE:AFN) last issued its quarterly earnings results on Thursday, January 8th. The company reported C$0.80 earnings per share (EPS) for the quarter. The company 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%. Equities analysts expect that Ag Growth International 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.