Ag Growth International Inc. (TSE:AFN) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Ag Growth International Inc. (TSE:AFN) have been given a consensus rating of “Moderate Buy” by the ten research firms that are presently covering the company, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among brokerages that have covered the stock in the last year is C$38.25.

A number of brokerages recently issued reports on AFN. Royal Bank Of Canada lifted their price target on shares of 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. TD Securities set a C$41.00 price objective on shares of Ag Growth International and gave the company a “buy” rating in a report on Tuesday, January 13th. 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 research report on Monday, January 12th. National Bankshares increased 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. Finally, Cibc Captl Mkts cut Ag Growth International from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 17th.

Ag Growth International Trading Up 2.2%

TSE:AFN opened at C$32.01 on Monday. Ag Growth International has a 12-month low of C$17.93 and a 12-month high of C$44.84. The firm has a market cap of C$602.08 million, a PE ratio of -66.69, a price-to-earnings-growth ratio of 1.30 and a beta of 0.76. The company has a current ratio of 1.41, a quick ratio of 0.84 and a debt-to-equity ratio of 277.31. The stock has a fifty day moving average price of C$23.77 and a 200 day moving average price of C$33.47.

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