Ag Growth International (TSE:AFN) Posts Earnings Results

Ag Growth International (TSE:AFN) issued its earnings results on Wednesday. The company reported C($2.62) earnings per share for the quarter, FiscalAI reports. Ag Growth International had a negative net margin of 0.66% and a negative return on equity of 3.11%. The firm had revenue of C$395.77 million during the quarter.

Ag Growth International Stock Performance

TSE AFN opened at C$25.16 on Wednesday. The firm’s fifty day moving average price is C$28.20 and its 200 day moving average price is C$29.24. Ag Growth International has a 12 month low of C$17.93 and a 12 month high of C$44.84. The company has a debt-to-equity ratio of 307.12, a current ratio of 1.70 and a quick ratio of 0.84. The company has a market capitalization of C$473.23 million, a price-to-earnings ratio of -52.42, a price-to-earnings-growth ratio of 1.30 and a beta of 0.52.

Wall Street Analysts Forecast Growth

AFN has been the topic of a number of recent analyst reports. TD Securities set a C$41.00 price objective on shares of Ag Growth International and gave the company a “buy” rating in a research report on Tuesday, January 13th. National Bank Financial lifted 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 research report on Monday, January 12th. Raymond James Financial upgraded shares of Ag Growth International from a “hold” rating to a “moderate buy” rating and set a C$52.00 target price for the company in a research note on Friday, January 9th. Desjardins dropped their target price 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, January 12th. Finally, Royal Bank Of Canada raised their price target on Ag Growth International from C$25.00 to C$30.00 and gave the company a “sector perform” rating in a research note on Tuesday, January 13th. Five equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$38.25.

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.