Ag Growth International Inc. (TSE:AFN) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Ag Growth International Inc. (TSE:AFN) has been assigned an average recommendation of “Moderate Buy” from the eight analysts that are presently covering the stock, MarketBeat reports. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is C$38.25.

Several research analysts have recently weighed in on AFN shares. TD Securities set a C$41.00 price target on shares of Ag Growth International and gave the company a “buy” rating in a report on Tuesday, January 13th. Cormark set a C$35.00 target price on shares of Ag Growth International and gave the stock a “hold” rating in a research note on Monday, January 12th. ATB Cormark Capital Markets set a C$36.00 target price on Ag Growth International and gave the stock an “outperform” rating in a report on Monday, January 12th. National Bank Financial boosted their price target 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, Desjardins reduced their price objective on 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.

Ag Growth International Trading Up 3.5%

TSE AFN opened at C$29.65 on Friday. Ag Growth International has a one year low of C$17.93 and a one year high of C$44.84. 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 firm has a market cap of C$557.69 million, a P/E ratio of -61.77, a P/E/G ratio of 1.30 and a beta of 0.75. The stock’s 50-day moving average is C$26.85 and its 200-day moving average is C$31.83.

Ag Growth International (TSE:AFN) last posted its 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 anticipate that Ag Growth International will post 6.5761006 earnings per share for the current fiscal year.

Ag Growth International Company Profile

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.