Ag Growth International (TSE:AFN) Trading Down 32.6% Following Analyst Downgrade

Ag Growth International Inc. (TSE:AFN)’s share price was down 32.6% during trading on Wednesday after TD Securities lowered their price target on the stock from C$41.00 to C$22.00. TD Securities currently has a buy rating on the stock. Ag Growth International traded as low as C$13.60 and last traded at C$16.96. Approximately 633,807 shares were traded during trading, an increase of 380% from the average daily volume of 132,155 shares. The stock had previously closed at C$25.16.

A number of other equities research analysts also recently issued reports on the company. Cormark set a C$35.00 price target on Ag Growth International and gave the company a “hold” rating in a research note on Monday, January 12th. ATB Cormark Capital Markets cut shares of Ag Growth International from a “strong-buy” rating to a “moderate buy” rating and set a C$36.00 price objective on the stock. in a research note on Wednesday. National Bank Financial downgraded shares of Ag Growth International from an “outperform” rating to a “hold” rating and dropped their price objective for the stock from C$39.00 to C$24.00 in a report on Wednesday. Canadian Imperial Bank of Commerce cut their target price on shares of Ag Growth International from C$32.00 to C$18.00 in a research report on Thursday. Finally, Raymond James Financial reduced their target price on shares of Ag Growth International from C$30.00 to C$25.00 in a report on Thursday. Three equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of C$28.75.

Key Headlines Impacting Ag Growth International

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

Ag Growth International Trading Up 5.4%

The company has a debt-to-equity ratio of 408.06, a quick ratio of 0.84 and a current ratio of 1.28. The stock has a market capitalization of C$334.80 million, a PE ratio of -37.08, a PEG ratio of 1.30 and a beta of 0.52. The stock has a 50-day moving average price of C$27.75 and a two-hundred day moving average price of C$29.07.

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