Ag Growth International (TSE:AFN) Stock Rating Lowered by National Bank Financial

Ag Growth International (TSE:AFN) was downgraded by analysts at National Bank Financial from an “outperform” rating to a “hold” rating in a research note issued to investors on Wednesday, Marketbeat.com reports. They currently have a C$24.00 price objective on the stock, down from their previous price objective of C$39.00. National Bank Financial’s price target indicates a potential upside of 34.83% from the company’s previous close.

Several other brokerages have also recently weighed in on AFN. Royal Bank Of Canada boosted their price objective on 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 Ag Growth International and gave the company a “buy” rating in a research note on Tuesday, January 13th. Desjardins dropped their target price on 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. Raymond James Financial raised Ag Growth International from a “hold” rating to a “moderate buy” rating and set a C$52.00 target price on the stock in a research report on Friday, January 9th. Finally, ATB Cormark Capital Markets set a C$36.00 price target on Ag Growth International and gave the company an “outperform” rating in a report on Monday, January 12th. Three equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Ag Growth International has an average rating of “Hold” and a consensus price target of C$28.75.

Ag Growth International Stock Performance

Shares of TSE:AFN opened at C$17.80 on Wednesday. Ag Growth International has a 52 week low of C$13.60 and a 52 week high of C$44.84. The stock has a market capitalization of C$334.80 million, a P/E ratio of -37.08, a PEG ratio of 1.30 and a beta of 0.52. The firm has a fifty day simple moving average of C$27.75 and a two-hundred day simple moving average of C$29.07. The company has a quick ratio of 0.84, a current ratio of 1.28 and a debt-to-equity ratio of 408.06.

Ag Growth International (TSE:AFN) last announced its earnings results on Wednesday, March 25th. The company reported C($2.62) earnings per share (EPS) for the quarter. The business had revenue of C$395.77 million for the quarter. Ag Growth International had a negative net margin of 1.86% and a negative return on equity of 9.21%. On average, analysts expect that Ag Growth International will post 6.5761006 earnings per share for the current fiscal 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.