Ag Growth International (AFN) Price Target Raised to C$75.00

Ag Growth International (TSE:AFN) had its target price upped by equities research analysts at TD Securities from C$73.00 to C$75.00 in a research note issued to investors on Friday. The firm presently has an “action list buy” rating on the stock. TD Securities’ price objective would indicate a potential upside of 24.63% from the stock’s previous close.

Several other brokerages also recently weighed in on AFN. CIBC increased their target price on shares of Ag Growth International from C$65.00 to C$70.00 in a research note on Wednesday, January 10th. Scotiabank set a C$62.00 target price on shares of Ag Growth International and gave the stock an “outperform” rating in a research note on Thursday, January 4th. National Bank Financial set a C$65.00 target price on shares of Ag Growth International and gave the stock an “outperform” rating in a research note on Wednesday, January 3rd. Raymond James Financial reiterated an “outperform” rating and set a C$63.00 target price on shares of Ag Growth International in a research note on Thursday, September 28th. Finally, Royal Bank of Canada decreased their target price on shares of Ag Growth International from C$65.00 to C$63.00 and set an “outperform” rating for the company in a research note on Tuesday, October 31st. Eight equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of C$64.75.

Ag Growth International (AFN) traded up C$0.09 during midday trading on Friday, reaching C$60.18. 67,230 shares of the company’s stock traded hands, compared to its average volume of 62,574. Ag Growth International has a one year low of C$47.08 and a one year high of C$60.63. The firm has a market capitalization of $972.14, a P/E ratio of 39.85 and a beta of 1.29.

Ag Growth International (TSE:AFN) last released its quarterly earnings data on Friday, November 10th. The company reported C$0.79 earnings per share (EPS) for the quarter, missing the consensus estimate of C$1.01 by C($0.22). Ag Growth International had a net margin of 7.54% and a return on equity of 20.81%.

In related news, Director Gary Keith Anderson sold 6,000 shares of the stock in a transaction dated Tuesday, December 19th. The shares were sold at an average price of C$53.45, for a total transaction of C$320,700.00. Also, insider Timothy Jackson Close purchased 1,298 shares of the business’s stock in a transaction that occurred on Tuesday, November 14th. The shares were purchased at an average cost of C$50.24 per share, with a total value of C$65,211.52.

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Ag Growth International Company Profile

Ag Growth International Inc is a Canada-based manufacturer of agricultural equipment. The Company focuses on grain handling, storage and conditioning products. The Company’s products service both Farm and Commercial markets, and sells to farmers, contractors and corporate entities. The Company manufactures in Canada, the United States and Europe.

Analyst Recommendations for Ag Growth International (TSE:AFN)

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