Desjardins Cuts Ag Growth International (TSE:AFN) Price Target to C$40.00

Ag Growth International (TSE:AFN) had its price target reduced by Desjardins from C$47.00 to C$40.00 in a report issued on Monday morning,BayStreet.CA reports. Desjardins currently has a buy rating on the stock.

Several other equities analysts have also recently weighed in on the company. Cormark set a C$35.00 price objective on Ag Growth International and gave the stock a “hold” rating in a research report on Monday. Royal Bank Of Canada downgraded Ag Growth International from a “moderate buy” rating to a “hold” rating and dropped their price target for the stock from C$50.00 to C$25.00 in a research report on Monday, November 17th. National Bankshares increased their price objective on Ag Growth International from C$37.00 to C$39.00 and gave the company an “outperform” rating in a research report on Monday. 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. Finally, Raymond James Financial raised shares of 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, January 9th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, Ag Growth International has a consensus rating of “Moderate Buy” and an average price target of C$38.25.

Ag Growth International Price Performance

TSE AFN opened at C$27.90 on Monday. Ag Growth International has a 1 year low of C$17.93 and a 1 year high of C$44.84. The company has a fifty day simple moving average of C$23.83 and a 200 day simple moving average of C$34.13. 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 market cap of C$524.77 million, a P/E ratio of -58.13, a P/E/G ratio of 1.30 and a beta of 0.76.

Ag Growth International (TSE:AFN) last released its earnings results on Thursday, January 8th. The company reported C$0.80 earnings per share for the quarter. Ag Growth International had a net margin of 1.71% and a return on equity of 7.48%. The firm had revenue of C$389.43 million during the quarter. On average, sell-side analysts predict that Ag Growth International 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.