Royal Bank Of Canada Forecasts Strong Price Appreciation for Ag Growth International (TSE:AFN) Stock

Ag Growth International (TSE:AFN) had its price target hoisted by stock analysts at Royal Bank Of Canada from C$25.00 to C$30.00 in a research note issued to investors on Tuesday,BayStreet.CA reports. The brokerage presently has a “sector perform” rating on the stock. Royal Bank Of Canada’s price target would suggest a potential upside of 8.03% from the company’s previous close.

A number of other brokerages also recently weighed in on AFN. Cibc Captl Mkts downgraded shares of Ag Growth International from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 17th. Cormark set a C$35.00 price target on shares of Ag Growth International and gave the stock a “hold” rating in a report on Monday. ATB Capital set a C$36.00 price objective on shares of Ag Growth International and gave the company an “outperform” rating in a research report on Monday. Desjardins cut their target price on shares of Ag Growth International from C$47.00 to C$40.00 and set a “buy” rating for the company in a research report on Monday. Finally, 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 note on Friday. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have given a Hold rating to the company. According to MarketBeat, Ag Growth International presently has a consensus rating of “Moderate Buy” and a consensus price target of C$38.25.

Ag Growth International Price Performance

TSE:AFN traded up C$1.02 during trading hours on Tuesday, hitting C$27.77. 222,145 shares of the company’s stock traded hands, compared to its average volume of 232,698. Ag Growth International has a 52 week low of C$17.93 and a 52 week high of C$44.84. The business’s fifty day simple moving average is C$24.10 and its two-hundred day simple moving average is C$34.27. The company has a quick ratio of 0.84, a current ratio of 1.41 and a debt-to-equity ratio of 277.31. The firm has a market cap of C$522.33 million, a P/E ratio of -57.85, a P/E/G ratio of 1.30 and a beta of 0.76.

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

Key Headlines Impacting Ag Growth International

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

• Positive Sentiment: National Bankshares raised its price target to C$39 (from C$37) and kept an “outperform” rating, implying roughly ~46% upside from the reference price. BayStreet.CA
• Positive Sentiment: ATB Capital set a C$36 target and an “outperform” rating (about ~35% upside), another bullish analyst call supporting the move. BayStreet.CA TickerReport
• Positive Sentiment: Raymond James upgraded Ag Growth (coverage/action reported), adding institutional support to the buy-side narrative. Ag Growth International Upgraded at Raymond James Financial
• Neutral Sentiment: Cormark initiated coverage with a C$35 price target and a “hold” rating (~26% upside), a more cautious view that tempers some of the bullishness. BayStreet.CA Zacks.com
• Negative Sentiment: Desjardins cut its price target from C$47 to C$40 but left a “buy” rating—reducing upside expectations relative to its prior view, which signals some moderation in analyst optimism. BayStreet.CA

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.