Ag Growth International (TSE:AFN) Cut to “Hold” at Raymond James Financial

Raymond James Financial cut shares of Ag Growth International (TSE:AFN) from a moderate buy rating to a hold rating in a research report sent to investors on Wednesday morning, MarketBeat.com reports. They currently have C$30.00 target price on the stock, down from their previous target price of C$52.00.

AFN has been the subject of a number of other research reports. TD Securities set a C$41.00 target price on Ag Growth International and gave the stock a “buy” rating in a research report on Tuesday, January 13th. ATB Cormark Capital Markets lowered shares of Ag Growth International from a “strong-buy” rating to a “moderate buy” rating and set a C$36.00 price target on the stock. in a research report on Wednesday. Desjardins decreased their price objective on shares of Ag Growth International from C$47.00 to C$40.00 and set a “buy” rating for the company in a report on Monday, January 12th. National Bank Financial lowered shares of Ag Growth International from an “outperform” rating to a “hold” rating and lowered their target price for the company from C$39.00 to C$24.00 in a research note on Wednesday. Finally, Royal Bank Of Canada lifted their target price on shares of Ag Growth International from C$25.00 to C$30.00 and gave the stock a “sector perform” rating in a report on Tuesday, January 13th. Three research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of C$28.75.

Ag Growth International Stock Up 1.1%

Shares of Ag Growth International stock opened at C$17.99 on Wednesday. The firm has a market cap of C$339.29 million, a price-to-earnings ratio of -12.76, a P/E/G ratio of 1.30 and a beta of 0.52. The stock has a 50-day simple moving average of C$27.52 and a 200-day simple moving average of C$28.92. Ag Growth International has a 52-week low of C$13.60 and a 52-week high of C$44.84. The company has a debt-to-equity ratio of 408.06, a current ratio of 1.28 and a quick ratio of 0.84.

Ag Growth International (TSE:AFN) last announced its quarterly earnings results on Wednesday, March 25th. The company reported C($2.62) EPS for the quarter. The business had revenue of C$395.77 million for the quarter. Ag Growth International had a negative return on equity of 9.21% and a negative net margin of 1.86%. On average, equities research analysts expect that Ag Growth International will post 6.5761006 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Steven Robert Sommerfeld bought 8,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 26th. The shares were acquired at an average cost of C$17.67 per share, with a total value of C$141,360.00. Following the completion of the transaction, the director directly owned 8,000 shares in the company, valued at C$141,360. This represents a ∞ increase in their ownership of the stock. 1.06% of the stock is currently owned by company insiders.

More Ag Growth International News

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

• Positive Sentiment: Director insider purchase — Director Steven Robert Sommerfeld bought 8,000 shares at C$17.67 (≈C$141k), signaling insider confidence and providing a near-term support signal for the share price.
• Positive Sentiment: TD Securities kept a Buy rating despite lowering its target to C$22, leaving a meaningful upside case that may limit downside. BayStreet Article
• Positive Sentiment: ATB Cormark coverage mentioned as a Buy in The Globe and Mail, which can attract investors who follow that call. Globe & Mail: ATB Buy
• Neutral Sentiment: Higher-than-average trading volume and intraday uptick suggest active repositioning: volume ~247k vs avg ~149k, and the stock remains well below its 50- and 200-day averages, indicating continued investor caution.
• Negative Sentiment: Analyst downgrades and price-target cuts — Multiple firms reduced ratings/targets (Raymond James to Hold; National Bank and others lowered ratings/targets), which increases selling pressure and signals weaker near-term sentiment. Raymond James Downgrade National Bank Cut
• Negative Sentiment: Major target cuts from Canadian banks — CIBC cut its target from C$32 to C$18 (now ~flat to current levels), and others trimmed targets significantly, which constrains upside expectations and may weigh on sentiment. BayStreet: Targets Lowered
• Negative Sentiment: Market commentary highlights the stock among small-caps that ‘sank’ today, reflecting short-term selling momentum and headline-driven pressure. Globe & Mail: Small Caps

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.