Ag Growth International Inc. (TSE:AFN) Receives C$38.25 Consensus Target Price from Analysts

Ag Growth International Inc. (TSE:AFN) has been assigned a consensus rating of “Moderate Buy” from the ten research firms that are covering the stock, MarketBeat.com reports. Four research analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is C$38.25.

Several brokerages recently issued reports on AFN. Royal Bank Of Canada raised their target price on shares of Ag Growth International from C$25.00 to C$30.00 and gave the stock a “sector perform” rating in a report on Tuesday, January 13th. Cormark set a C$35.00 price objective on Ag Growth International and gave the company a “hold” rating in a research note on Monday, January 12th. Raymond James Financial raised Ag Growth International from a “hold” rating to a “moderate buy” rating and set a C$52.00 price objective for the company in a report on Friday, January 9th. Desjardins dropped their target price on Ag Growth International from C$47.00 to C$40.00 and set a “buy” rating on the stock in a report on Monday, January 12th. Finally, Cibc Captl Mkts cut Ag Growth International from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 17th.

Ag Growth International Trading Up 2.1%

Shares of TSE:AFN opened at C$30.60 on Monday. Ag Growth International has a 52-week low of C$17.93 and a 52-week high of C$44.84. The stock has a market cap of C$575.56 million, a price-to-earnings ratio of -63.75, a PEG ratio of 1.30 and a beta of 0.76. The company has a quick ratio of 0.84, a current ratio of 1.41 and a debt-to-equity ratio of 277.31. The business has a 50-day moving average price of C$24.41 and a 200-day moving average price of C$33.27.

Ag Growth International (TSE:AFN) last posted its quarterly earnings results on Thursday, January 8th. The company reported C$0.80 earnings per share (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. Equities analysts predict 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.