Royal Bank of Canada Lowers Ag Growth International (TSE:AFN) Price Target to C$75.00

Ag Growth International (TSE:AFN) had its price objective cut by analysts at Royal Bank of Canada from C$80.00 to C$75.00 in a report issued on Thursday,BayStreet.CA reports. Royal Bank of Canada’s price target would suggest a potential upside of 42.94% from the stock’s previous close.

A number of other research analysts also recently issued reports on the stock. CIBC dropped their target price on shares of Ag Growth International from C$78.00 to C$75.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 16th. TD Securities dropped their price objective on shares of Ag Growth International from C$79.00 to C$77.00 and set a “buy” rating on the stock in a report on Monday, August 12th. Finally, Raymond James cut shares of Ag Growth International from an “outperform” rating to a “market perform” rating and cut their price objective for the stock from C$72.00 to C$62.00 in a research report on Friday, October 18th. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, Ag Growth International presently has a consensus rating of “Moderate Buy” and an average price target of C$74.56.

Ag Growth International Trading Down 1.0 %

AFN traded down C$0.53 during trading on Thursday, reaching C$52.47. 66,529 shares of the stock traded hands, compared to its average volume of 64,491. The company has a quick ratio of 0.84, a current ratio of 1.49 and a debt-to-equity ratio of 298.35. The stock’s 50-day moving average is C$52.51 and its 200 day moving average is C$52.64. Ag Growth International has a 12 month low of C$45.96 and a 12 month high of C$64.51. The stock has a market capitalization of C$1.00 billion, a PE ratio of 34.08, a P/E/G ratio of 1.30 and a beta of 2.29.

Ag Growth International (TSE:AFN) last released its earnings results on Wednesday, August 7th. The company reported C$1.42 EPS for the quarter, missing the consensus estimate of C$1.67 by C($0.25). The business had revenue of C$351.78 million for the quarter, compared to analyst estimates of C$397.51 million. Ag Growth International had a return on equity of 10.35% and a net margin of 2.13%. Equities 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, together with its subsidiaries, manufactures and sells equipment for the agriculture industry in Canada, the United States, and internationally. It operates through Farm and Commercial segments. The company offers grain, bolted, hopper, and smooth wall bins; temporary storage; unloads and sweeps systems; water tanks; secondary containment systems; fuel tanks; and storage accessories, as well as mixed flow dryers; fans and heaters; aeration products; vents and exhausters; and stirring systems.