Ag Growth International (TSE:AFN) Given a C$35.00 Price Target by Cormark Analysts

Ag Growth International (TSE:AFN) has been given a C$35.00 price objective by stock analysts at Cormark in a report issued on Monday, Marketbeat Ratings reports. The firm currently has a “hold” rating on the stock. Cormark’s price objective points to a potential upside of 27.32% from the stock’s current price.

A number of other research firms also recently commented on AFN. CIBC downgraded Ag Growth International from an “outperform” rating to a “neutral” rating and dropped their price objective for the company from C$58.00 to C$33.00 in a report on Monday, November 17th. Cibc Captl Mkts lowered Ag Growth International from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 17th. Desjardins cut their target price on shares of Ag Growth International from C$49.00 to C$47.00 and set a “buy” rating on the stock in a report on Monday, October 27th. Raymond James Financial raised shares of Ag Growth International from a “hold” rating to a “moderate buy” rating and set a C$52.00 price target for the company in a report on Friday, January 9th. Finally, Royal Bank Of Canada cut shares of Ag Growth International from a “moderate buy” rating to a “hold” rating and lowered their price objective for the company from C$50.00 to C$25.00 in a research report on Monday, November 17th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, Ag Growth International presently has a consensus rating of “Moderate Buy” and a consensus target price of C$38.25.

Ag Growth International Trading Up 2.8%

Shares of TSE AFN opened at C$27.49 on Monday. Ag Growth International has a fifty-two week low of C$17.93 and a fifty-two week high of C$44.84. The firm has a market capitalization of C$517.06 million, a P/E ratio of -57.27, a P/E/G ratio of 1.30 and a beta of 0.76. The company has a debt-to-equity ratio of 277.31, a current ratio of 1.41 and a quick ratio of 0.84. The company’s 50 day simple moving average is C$23.96 and its 200 day simple moving average is C$34.18.

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

Key Ag Growth International News

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

• Positive Sentiment: TD Securities started coverage with a C$41.00 price target and a “buy” rating (~47% upside from the reference price), a high-profile bullish call that can attract buyers. Read More.Read More.
• Positive Sentiment: National Bankshares raised its target to C$39.00 and kept an “outperform” stance (~46% upside), reinforcing buy-side interest from institutional analysts. Read More.
• Positive Sentiment: ATB Capital set a new C$36.00 target with an “outperform” rating (~35% upside), another incremental endorsement that supports momentum. Read More.Read More.
• Positive Sentiment: Raymond James upgraded Ag Growth, adding to the string of positive analyst moves that likely helped buying pressure. Read More.
• Neutral Sentiment: Royal Bank of Canada raised its target from C$25 to C$30 but maintained a “sector perform” rating (~7.7% upside) — a modest lift but less emphatic than buy/outperform calls. Read More.
• Neutral Sentiment: Cormark issued a new C$35.00 target with a “hold” rating (~27% upside) — signals cautious optimism but not a clear buy trigger. Read More.Read More.
• Negative Sentiment: Desjardins trimmed its target from C$47.00 to C$40.00 while keeping a “buy” rating — a downgrade of upside expectations that could temper some enthusiasm despite the continued buy stance. Read More.

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.