Ag Growth International (TSE:AFN) Stock Gets Price Target Cut from Desjardins

Ag Growth International (TSE:AFN) had its target price decreased by research analysts at Desjardins from C$20.00 to C$16.00 in a research report issued on Friday, BayStreet reports. The firm presently has a “buy” rating on the stock. Desjardins‘s price objective indicates a potential upside of 77.98% from the stock’s current price.

Several other analysts have also issued reports on the stock. TD Securities lowered shares of Ag Growth International from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 28th. ATB Cormark Capital Markets cut their target price on Ag Growth International from C$18.00 to C$11.00 and set a “sector perform” rating for the company in a research note on Thursday, October 1st. Royal Bank Of Canada reduced their target price on Ag Growth International from C$30.00 to C$20.00 and set an “outperform” rating on the stock in a report on Friday, July 31st. Finally, National Bank Financial decreased their price target on Ag Growth International from C$19.00 to C$11.00 and set a “sector perform” rating on the stock in a research note on Thursday, October 15th. Four investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of C$19.78.

Ag Growth International Price Performance

AFN stock traded down C$0.26 during midday trading on Friday, reaching C$8.99. The company had a trading volume of 103,229 shares, compared to its average volume of 147,796. Ag Growth International has a 1-year low of C$5.80 and a 1-year high of C$32.75. The stock has a 50 day moving average price of C$9.75 and a 200-day moving average price of C$18.38. The company has a debt-to-equity ratio of 541.43, a current ratio of 1.30 and a quick ratio of 0.84. The company has a market capitalization of C$169.73 million, a price-to-earnings ratio of -1.44, a price-to-earnings-growth ratio of 1.30 and a beta of 1.73.

Ag Growth International (TSE:AFN) last released its 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 research analysts expect that Ag Growth International will post 6.58 earnings per share for the current 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.