ATB Capital Issues Pessimistic Forecast for Ag Growth International (TSE:AFN) Stock Price

Ag Growth International (TSE:AFN) had its price objective lowered by analysts at ATB Capital from C$57.00 to C$46.00 in a research note issued on Friday,BayStreet.CA reports. The brokerage presently has a “sector perform” rating on the stock. ATB Capital’s target price suggests a potential upside of 27.64% from the stock’s current price.

AFN has been the topic of a number of other research reports. Desjardins cut their target price on shares of Ag Growth International from C$57.00 to C$49.00 and set a “buy” rating on the stock in a research note on Friday. Raymond James upgraded Ag Growth International from a “market perform” rating to an “outperform” rating and reduced their price objective for the stock from C$52.00 to C$47.00 in a research report on Friday. TD Securities reduced their price objective on shares of Ag Growth International from C$57.00 to C$48.00 and set a “buy” rating for the company in a research report on Wednesday. Royal Bank of Canada decreased their target price on Ag Growth International from C$45.00 to C$40.00 and set a “sector perform” rating for the company in a research report on Friday. Finally, CIBC lowered their price target on Ag Growth International from C$56.00 to C$48.00 and set an “outperform” rating for the company in a research note on Friday. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, Ag Growth International presently has a consensus rating of “Moderate Buy” and a consensus price target of C$50.50.

Ag Growth International Trading Up 2.4 %

TSE AFN traded up C$0.84 during mid-day trading on Friday, reaching C$36.04. 87,134 shares of the stock were exchanged, compared to its average volume of 114,837. The stock has a market capitalization of C$688.82 million, a PE ratio of 28.77, a PEG ratio of 1.30 and a beta of 2.29. The company has a debt-to-equity ratio of 277.31, a quick ratio of 0.84 and a current ratio of 1.41. Ag Growth International has a 1-year low of C$31.60 and a 1-year high of C$64.43. The business’s fifty day simple moving average is C$41.04 and its 200 day simple moving average is C$48.67.

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.