Ag Growth International (TSE:AFN) Stock Price Target Raised at Canadian Imperial Bank of Commerce

Ag Growth International (TSE:AFN) had its target price increased by equities researchers at Canadian Imperial Bank of Commerce from C$8.50 to C$10.00 in a note issued to investors on Friday, BayStreet reports. The firm currently has a “neutral” rating on the stock. Canadian Imperial Bank of Commerce‘s target price suggests a potential upside of 11.23% from the company’s current price.

Several other research analysts also recently commented on the company. ATB Cormark Capital Markets raised Ag Growth International from a “sector perform” rating to a “speculative buy” rating and boosted their target price for the stock from C$11.00 to C$14.00 in a report on Friday. Royal Bank Of Canada cut their price objective on Ag Growth International from C$30.00 to C$20.00 and set an “outperform” rating for the company in a research report on Friday, July 31st. Desjardins cut their price objective on Ag Growth International from C$20.00 to C$16.00 and set a “buy” rating for the company in a research report on Friday. TD Securities lowered Ag Growth International from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 28th. Finally, National Bank Financial decreased their target price on Ag Growth International from C$19.00 to C$11.00 and set a “sector perform” rating on the stock in a report on Thursday, October 15th. Four equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, Ag Growth International presently has an average rating of “Hold” and an average price target of C$19.78.

Ag Growth International Price Performance

AFN stock traded down C$0.26 during trading on Friday, hitting C$8.99. 103,229 shares of the stock traded hands, compared to its average volume of 147,796. Ag Growth International has a one year low of C$5.80 and a one year high of C$32.75. The stock has a market cap of C$169.73 million, a price-to-earnings ratio of -1.44, a P/E/G ratio of 1.30 and a beta of 1.73. The company has a 50 day simple moving average of C$9.75 and a 200 day simple moving average of C$18.38. The company has a current ratio of 1.30, a quick ratio of 0.84 and a debt-to-equity ratio of 541.43.

Ag Growth International (TSE:AFN) last released its quarterly earnings results on Wednesday, November 11th. The company reported C$0.16 EPS for the quarter. The firm had revenue of C$340.50 million for the quarter. Ag Growth International had a negative net margin of 8.43% and a negative return on equity of 48.31%. Equities analysts expect that Ag Growth International will post 6.58 EPS for the current fiscal year.

About Ag Growth International

Ag Growth International Inc. is a leading manufacturer and supplier of equipment and solutions for the agriculture, fertilizer, feed, food and commercial sectors. With manufacturing facilities and operations on six continents, AGI provides complete systems and services that support producers and processors throughout the agricultural value chain.