Brokerages Set Ag Growth International Inc. (TSE:AFN) Price Target at C$38.25

Ag Growth International Inc. (TSE:AFN) has earned an average rating of “Moderate Buy” from the eight analysts that are currently covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is C$38.25.

Several equities analysts have weighed in on AFN shares. Raymond James Financial raised Ag Growth International from a “hold” rating to a “moderate buy” rating and set a C$52.00 target price for the company in a research report on Friday, January 9th. Desjardins lowered their price objective on shares of Ag Growth International from C$47.00 to C$40.00 and set a “buy” rating for the company in a research note on Monday, January 12th. Royal Bank Of Canada lifted their price objective on shares of Ag Growth International from C$25.00 to C$30.00 and gave the company a “sector perform” rating in a report on Tuesday, January 13th. National Bank Financial increased their target price on shares of Ag Growth International from C$37.00 to C$39.00 and gave the stock an “outperform” rating in a report on Monday, January 12th. Finally, Canadian Imperial Bank of Commerce cut shares of Ag Growth International from an “outperform” rating to a “hold” rating and decreased their price target for the company from C$58.00 to C$33.00 in a research report on Monday, November 17th.

Ag Growth International Trading Up 0.3%

TSE AFN opened at C$29.75 on Friday. 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 capitalization of C$559.57 million, a P/E ratio of -61.98, a PEG ratio of 1.30 and a beta of 0.75. The firm’s 50-day moving average is C$27.00 and its two-hundred day moving average is C$31.59. Ag Growth International has a 12 month low of C$17.93 and a 12 month high of C$44.84.

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