Ag Growth International Inc. (TSE:AFN) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Ag Growth International Inc. (TSE:AFN) has been assigned a consensus recommendation of “Moderate Buy” from the ten research firms that are covering the company, MarketBeat reports. Four research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is C$38.25.

A number of equities research analysts have recently issued reports on the stock. TD Securities set a C$41.00 price target on shares of Ag Growth International and gave the company a “buy” rating in a research report on Tuesday, January 13th. Cibc Captl Mkts cut Ag Growth International from a “strong-buy” rating to a “hold” rating in a report on Monday, November 17th. National Bankshares upped their target price on Ag Growth International from C$37.00 to C$39.00 and gave the company an “outperform” rating in a report on Monday, January 12th. ATB Capital set a C$36.00 price target on Ag Growth International and gave the company an “outperform” rating in a research report on Monday, January 12th. Finally, Royal Bank Of Canada lifted their price target on Ag Growth International from C$25.00 to C$30.00 and gave the stock a “sector perform” rating in a research note on Tuesday, January 13th.

Ag Growth International Price Performance

Shares of TSE AFN opened at C$29.06 on Monday. The company has a debt-to-equity ratio of 277.31, a quick ratio of 0.84 and a current ratio of 1.41. Ag Growth International has a one year low of C$17.93 and a one year high of C$44.84. The firm has a market capitalization of C$546.59 million, a P/E ratio of -60.54, a PEG ratio of 1.30 and a beta of 0.76. The company’s fifty day moving average is C$24.84 and its two-hundred day moving average is C$33.15.

Ag Growth International (TSE:AFN) last announced its quarterly earnings data on Thursday, January 8th. The company reported C$0.80 EPS 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. Analysts forecast that Ag Growth International will post 6.5761006 EPS for the current fiscal 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.