Ag Growth International (TSE:AFN) Stock Price Down 5.6% Following Analyst Downgrade

Ag Growth International Inc. (TSE:AFN)’s stock price was down 5.6% during trading on Monday after Desjardins lowered their price target on the stock from C$47.00 to C$40.00. Desjardins currently has a buy rating on the stock. Ag Growth International traded as low as C$26.74 and last traded at C$27.33. Approximately 67,320 shares changed hands during trading, a decline of 63% from the average daily volume of 183,409 shares. The stock had previously closed at C$28.94.

Several other brokerages have also commented on AFN. Royal Bank Of Canada lowered Ag Growth International from a “moderate buy” rating to a “hold” rating and decreased their price objective for the company from C$50.00 to C$25.00 in a report on Monday, November 17th. Raymond James Financial raised Ag Growth International from a “hold” rating to a “moderate buy” rating and set a C$52.00 target price on the stock in a research report on Friday. Cibc Captl Mkts cut Ag Growth International from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 17th. ATB Capital set a C$36.00 price target on Ag Growth International and gave the stock an “outperform” rating in a research note on Monday. Finally, National Bankshares upped their price objective on shares of Ag Growth International from C$37.00 to C$39.00 and gave the company an “outperform” rating in a report on Monday. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of C$39.63.

Ag Growth International News Roundup

Here are the key news stories impacting Ag Growth International this week:

• Positive Sentiment: Raymond James upgraded AFN, a catalyst behind recent buying interest. Ag Growth International (TSE:AFN) Upgraded at Raymond James Financial
• Positive Sentiment: National Bankshares raised its price target from C$37.00 to C$39.00 and gave an “outperform” rating — a fresh vote of confidence that implies meaningful upside. BayStreet Analyst Ratings
• Positive Sentiment: ATB Capital set a new C$36.00 target and an “outperform” rating, another upward revision supporting medium-term upside. BayStreet Analyst Ratings TickerReport
• Positive Sentiment: Market action earlier this week showed a sharp move higher — AFN was reported up ~27.5% after an analyst upgrade, demonstrating how sensitive the stock is to coverage changes. Stock Price Up After Analyst Upgrade
• Neutral Sentiment: Cormark initiated coverage with a C$35.00 price target and “market perform” — a neutral stance that signals limited near-term conviction from that shop. BayStreet Analyst Ratings
• Negative Sentiment: Desjardins lowered its price target from C$47.00 to C$40.00 (while keeping a “buy” rating). The cut narrows upside expectations and likely contributed to profit‑taking and today’s pullback. BayStreet Analyst Ratings

Ag Growth International Trading Down 7.6%

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 firm has a market cap of C$503.14 million, a price-to-earnings ratio of -55.73, a PEG ratio of 1.30 and a beta of 0.76. The company has a fifty day moving average price of C$24.29 and a 200-day moving average price of C$34.38.

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