Ag Growth International (TSE:AFN) Stock Rating Lowered by ATB Cormark Capital Markets

Ag Growth International (TSE:AFN) was downgraded by investment analysts at ATB Cormark Capital Markets from a “strong-buy” rating to a “moderate buy” rating in a research report issued to clients and investors on Wednesday, MarketBeat reports. They presently have a C$36.00 target price on the stock. ATB Cormark Capital Markets’ price target would suggest a potential upside of 102.25% from the stock’s previous close.

A number of other research analysts also recently issued reports on AFN. Royal Bank Of Canada boosted their price target on Ag Growth International from C$25.00 to C$30.00 and gave the company a “sector perform” rating in a report on Tuesday, January 13th. TD Securities set a C$41.00 price objective on shares of Ag Growth International and gave the stock a “buy” rating in a research note on Tuesday, January 13th. Desjardins cut their target price on shares of Ag Growth International from C$47.00 to C$40.00 and set a “buy” rating for the company in a report on Monday, January 12th. Cormark set a C$35.00 target price on shares of Ag Growth International and gave the company a “hold” rating in a research note on Monday, January 12th. Finally, National Bank Financial downgraded shares of Ag Growth International from an “outperform” rating to a “hold” rating and lowered their price target for the stock from C$39.00 to C$24.00 in a report on Wednesday. Three research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, Ag Growth International presently has a consensus rating of “Hold” and an average target price of C$28.75.

Ag Growth International Trading Up 5.4%

TSE AFN opened at C$17.80 on Wednesday. The company has a fifty day moving average of C$27.75 and a 200 day moving average of C$29.07. The company has a market capitalization of C$334.80 million, a PE ratio of -37.08, a P/E/G ratio of 1.30 and a beta of 0.52. Ag Growth International has a 1 year low of C$13.60 and a 1 year high of C$44.84. The company has a debt-to-equity ratio of 408.06, a current ratio of 1.28 and a quick ratio of 0.84.

Ag Growth International (TSE:AFN) last issued its quarterly earnings data on Wednesday, March 25th. The company reported C($2.62) earnings per share (EPS) for the quarter. Ag Growth International had a negative net margin of 1.86% and a negative return on equity of 9.21%. The company had revenue of C$395.77 million during the quarter. Research analysts forecast that Ag Growth International will post 6.5761006 earnings per share for the current year.

Ag Growth International News Summary

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

• Positive Sentiment: TD Securities kept a “buy” rating while lowering its price target to C$22 (still ~24% upside vs. the current price). This is a modest supportive signal that some brokers see recovery potential. TD Securities Price Target
• Positive Sentiment: ATB Cormark cut its rating from “strong-buy” to “moderate buy” but left a C$36 target, indicating continued bullish conviction from that shop despite a downgrade. ATB Cormark Update
• Neutral Sentiment: Raymond James lowered a price target (reported variably) — one update shows a cut to C$25 — reflecting mixed analyst views; the change signals caution but not unanimous sell-side negative conviction. Raymond James Target Cut
• Neutral Sentiment: CIBC reduced its price target to C$18, leaving only a very small upside from the current level — this tightens expectations and reduces near-term upside but is not a formal downgrade. CIBC Target Cut
• Negative Sentiment: National Bank Financial downgraded AFN from “outperform” to “hold” and cut its target to C$24, removing a previously bullish endorsement and increasing downside pressure. National Bank Downgrade
• Negative Sentiment: Raymond James also issued a downgrade (from “moderate buy” to “hold” in a separate update) and reduced its target significantly, compounding negative broker sentiment. Raymond James Downgrade
• Negative Sentiment: Quarterly results showed an EPS loss of C($2.62) and a negative net margin (‑0.66%), highlighting near-term profitability challenges and likely driving selling pressure. Earnings Release & Call
• Negative Sentiment: Media coverage flagged the stock among small caps that “sank” after recent moves, reflecting the market reaction to the earnings and analyst changes. Globe and Mail Coverage

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.