Ag Growth International (TSE:AFN) Price Target Raised to C$39.00 at National Bankshares

Ag Growth International (TSE:AFN) had its price objective boosted by analysts at National Bankshares from C$37.00 to C$39.00 in a research note issued to investors on Monday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. National Bankshares’ target price points to a potential upside of 46.07% from the company’s current price.

Several other brokerages also recently issued reports on AFN. CIBC downgraded Ag Growth International from an “outperform” rating to a “neutral” rating and cut their price target for the company from C$58.00 to C$33.00 in a report on Monday, November 17th. Desjardins reduced their price objective on Ag Growth International from C$49.00 to C$47.00 and set a “buy” rating for the company in a report on Monday, October 27th. Cormark set a C$35.00 price target on Ag Growth International and gave the stock a “market perform” rating in a report on Monday. 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 report on Friday. Finally, Cibc Captl Mkts cut Ag Growth International from a “strong-buy” rating to a “hold” rating in a research 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 issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$39.63.

Ag Growth International Stock Performance

Shares of Ag Growth International stock traded down C$2.24 during trading on Monday, hitting C$26.70. 260,464 shares of the stock were exchanged, compared to its average volume of 218,433. 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 company has a fifty day moving average price of C$24.29 and a 200-day moving average price of C$34.38. The stock has a market capitalization of C$502.20 million, a price-to-earnings ratio of -55.63, 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$46.20.

Ag Growth International (TSE:AFN) last posted its quarterly earnings results on Thursday, January 8th. The company reported C$0.80 EPS for the quarter. The business 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%. As a group, equities 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.