Ag Growth International (TSE:AFN) Price Target Cut to C$22.00 by Analysts at TD Securities

Ag Growth International (TSE:AFN) had its price objective reduced by equities research analysts at TD Securities from C$41.00 to C$22.00 in a research note issued to investors on Thursday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. TD Securities’ price objective indicates a potential upside of 24.50% from the company’s previous close.

A number of other equities research analysts have also commented on the company. National Bank Financial lowered Ag Growth International from an “outperform” rating to a “hold” rating and dropped their target price for the company from C$39.00 to C$24.00 in a research report on Wednesday. Raymond James Financial cut their price objective on shares of Ag Growth International from C$30.00 to C$25.00 in a research note on Thursday. Canadian Imperial Bank of Commerce decreased their target price on shares of Ag Growth International from C$32.00 to C$18.00 in a research report on Thursday. Cormark set a C$35.00 price target on Ag Growth International and gave the stock a “hold” rating in a research report on Monday, January 12th. Finally, 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. Three analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of C$28.75.

Ag Growth International Stock Performance

Shares of TSE:AFN traded up C$0.78 on Thursday, hitting C$17.67. 313,221 shares of the company were exchanged, compared to its average volume of 145,626. The firm has a market capitalization of C$332.36 million, a P/E ratio of -36.81, a price-to-earnings-growth ratio of 1.30 and a beta of 0.52. The company has a current ratio of 1.70, a quick ratio of 0.84 and a debt-to-equity ratio of 307.12. Ag Growth International has a 1-year low of C$13.60 and a 1-year high of C$44.84. The stock’s 50 day moving average price is C$27.98 and its 200 day moving average price is C$29.15.

Ag Growth International (TSE:AFN) last released its earnings results on Wednesday, March 25th. The company reported C($2.62) earnings per share (EPS) for the quarter. Ag Growth International had a negative net margin of 0.66% and a negative return on equity of 3.11%. The firm had revenue of C$395.77 million during the quarter. Sell-side analysts predict that Ag Growth International will post 6.5761006 EPS 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.