Ag Growth International (TSE:AFN) Price Target Raised to C$30.00

Ag Growth International (TSE:AFN) had its price target raised by Royal Bank Of Canada from C$25.00 to C$30.00 in a research report sent to investors on Tuesday morning,BayStreet.CA reports. Royal Bank Of Canada currently has a sector perform rating on the stock.

Other analysts have also issued reports about the company. Raymond James Financial raised Ag Growth International from a “hold” rating to a “moderate buy” rating and set a C$52.00 price objective on the stock in a research note on Friday, January 9th. National Bankshares lifted their target price on Ag Growth International from C$37.00 to C$39.00 and gave the stock an “outperform” rating in a report on Monday. TD Securities set a C$41.00 price objective on shares of Ag Growth International and gave the stock a “buy” rating in a research report on Tuesday. Desjardins cut their price target on Ag Growth International from C$47.00 to C$40.00 and set a “buy” rating on the stock in a report on Monday. Finally, Cibc Captl Mkts lowered Ag Growth International from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 17th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of C$38.25.

Ag Growth International Trading Up 5.1%

Shares of AFN stock opened at C$29.33 on Tuesday. The stock has a market cap of C$551.67 million, a P/E ratio of -61.10, a price-to-earnings-growth ratio of 1.30 and a beta of 0.76. Ag Growth International has a 1 year low of C$17.93 and a 1 year high of C$44.84. The company has a current ratio of 1.41, a quick ratio of 0.84 and a debt-to-equity ratio of 277.31. The stock has a 50 day simple moving average of C$23.75 and a 200 day simple moving average of C$34.10.

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