Desjardins Cuts Ag Growth International (TSE:AFN) Price Target to C$40.00

Ag Growth International (TSE:AFN) had its price objective dropped by equities research analysts at Desjardins from C$47.00 to C$40.00 in a research note issued to investors on Monday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Desjardins’ price target suggests a potential upside of 49.81% from the stock’s previous close.

Other analysts have also issued reports about the stock. National Bankshares raised their price objective on shares of Ag Growth International from C$37.00 to C$39.00 and gave the stock an “outperform” rating in a report on Monday. ATB Capital set a C$36.00 target price on Ag Growth International and gave the stock an “outperform” rating in a research report on Monday. CIBC lowered Ag Growth International from an “outperform” rating to a “neutral” rating and dropped their price target for the company from C$58.00 to C$33.00 in a research report on Monday, November 17th. Royal Bank Of Canada cut shares of Ag Growth International from a “moderate buy” rating to a “hold” rating and cut their price objective for the stock from C$50.00 to C$25.00 in a report on Monday, November 17th. Finally, Cibc Captl Mkts lowered shares of Ag Growth International from a “strong-buy” rating to a “hold” rating in a report on Monday, November 17th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$39.63.

Ag Growth International Trading Down 7.7%

TSE:AFN traded down C$2.24 during trading hours on Monday, hitting C$26.70. The company had a trading volume of 260,464 shares, compared to its average volume of 218,433. The company has a debt-to-equity ratio of 277.31, a current ratio of 1.41 and a quick ratio of 0.84. The stock has a 50-day moving average price of C$24.29 and a 200 day moving average price of C$34.38. The company has a market capitalization of C$502.20 million, a PE ratio of -55.63, a price-to-earnings-growth ratio of 1.30 and a beta of 0.76. Ag Growth International has a 52 week low of C$17.93 and a 52 week high of C$46.20.

Ag Growth International (TSE:AFN) last posted its earnings results on Thursday, January 8th. The company reported C$0.80 EPS for the quarter. The firm had revenue of C$389.43 million during the quarter. Ag Growth International had a net margin of 1.71% and a return on equity of 7.48%. On average, equities research analysts predict that Ag Growth International will post 6.5761006 EPS 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.