National Bankshares Raises Ag Growth International (TSE:AFN) Price Target to C$39.00

Ag Growth International (TSE:AFN) had its price target hoisted by National Bankshares from C$37.00 to C$39.00 in a note issued to investors on Monday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. National Bankshares’ price objective would suggest a potential upside of 41.87% from the stock’s current price.

Other analysts have also issued research reports about the stock. Cibc Captl Mkts lowered shares of Ag Growth International from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 17th. Desjardins dropped their price target on shares of Ag Growth International from C$49.00 to C$47.00 and set a “buy” rating on the stock in a research report on Monday, October 27th. CIBC downgraded shares of Ag Growth International from an “outperform” rating to a “neutral” rating and reduced their price objective for the stock from C$58.00 to C$33.00 in a research report on Monday, November 17th. Royal Bank Of Canada lowered shares of Ag Growth International from a “moderate buy” rating to a “hold” rating and decreased their price objective for the company from C$50.00 to C$25.00 in a research note on Monday, November 17th. Finally, ATB Capital set a C$36.00 target price on shares of Ag Growth International and gave the stock an “outperform” rating in a research report on Monday. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$38.25.

Ag Growth International Stock Up 2.8%

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

Ag Growth International (TSE:AFN) last announced its quarterly earnings results on Thursday, January 8th. The company reported C$0.80 earnings per share (EPS) for the quarter. The business had revenue of C$389.43 million during the quarter. Ag Growth International had a return on equity of 7.48% and a net margin of 1.71%. Sell-side analysts expect that Ag Growth International will post 6.5761006 EPS for the current fiscal year.

Key Stories Impacting Ag Growth International

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.