Ag Growth International (TSE:AFN) PT Set at C$36.00 by ATB Cormark Capital Markets

Ag Growth International (TSE:AFN) has been assigned a C$36.00 target price by equities research analysts at ATB Cormark Capital Markets in a research note issued to investors on Wednesday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. ATB Cormark Capital Markets’ price objective indicates a potential upside of 115.31% from the stock’s current price.

A number of other equities analysts have also recently commented on the company. Royal Bank Of Canada increased their target price on 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. Raymond James Financial upgraded 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 research report on Friday, January 9th. Desjardins reduced their price objective on 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. TD Securities set a C$41.00 price objective on Ag Growth International and gave the company a “buy” rating in a report on Tuesday, January 13th. Finally, Cormark set a C$35.00 target price on shares of Ag Growth International and gave the stock a “hold” rating in a research note on Monday, January 12th. Three equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of C$33.63.

Ag Growth International Price Performance

Shares of AFN stock traded down C$8.44 on Wednesday, reaching C$16.72. 896,805 shares of the company were exchanged, compared to its average volume of 137,687. Ag Growth International has a 1 year low of C$13.60 and a 1 year high of C$44.84. The company has a debt-to-equity ratio of 307.12, a quick ratio of 0.84 and a current ratio of 1.70. The business has a 50-day moving average price of C$28.20 and a 200 day moving average price of C$29.24. The company has a market cap of C$314.49 million, a price-to-earnings ratio of -34.83, a P/E/G ratio of 1.30 and a beta of 0.52.

Ag Growth International (TSE:AFN) last issued its quarterly earnings results on Wednesday, March 25th. The company reported C($2.62) earnings per share for the quarter. Ag Growth International had a negative net margin of 0.66% and a negative return on equity of 3.11%. The company had revenue of C$395.77 million during the quarter. Equities research analysts forecast that Ag Growth International will post 6.5761006 earnings per share for the current fiscal 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.