Raymond James Financial Downgrades Ag Growth International (TSE:AFN) to Hold

Ag Growth International (TSE:AFN) was downgraded by research analysts at Raymond James Financial from a “moderate buy” rating to a “hold” rating in a report issued on Wednesday, MarketBeat.com reports. They presently have a C$30.00 price target on the stock, down from their previous price target of C$52.00. Raymond James Financial’s target price suggests a potential upside of 68.54% from the company’s previous close.

Other analysts have also issued reports about the stock. National Bank Financial lowered shares of Ag Growth International from an “outperform” rating to a “hold” rating and reduced their price objective for the company from C$39.00 to C$24.00 in a report on Wednesday. Royal Bank Of Canada increased their target price 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. Cormark set a C$35.00 price target on shares of Ag Growth International and gave the company a “hold” rating in a research report on Monday, January 12th. TD Securities set a C$41.00 price target on shares of Ag Growth International and gave the company a “buy” rating in a research note on Tuesday, January 13th. Finally, Desjardins decreased their price objective on shares of Ag Growth International from C$47.00 to C$40.00 and set a “buy” rating on the stock in a report on Monday, January 12th. Three investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Ag Growth International currently has an average rating of “Hold” and an average price target of C$28.75.

Ag Growth International Trading Up 5.4%

Shares of Ag Growth International stock opened at C$17.80 on Wednesday. The stock has a 50 day moving average of C$27.75 and a 200 day moving average of C$29.07. 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 firm has a market capitalization of C$334.80 million, a price-to-earnings ratio of -37.08, a PEG ratio of 1.30 and a beta of 0.52. Ag Growth International has a fifty-two week low of C$13.60 and a fifty-two week high of C$44.84.

Ag Growth International (TSE:AFN) last posted its earnings results on Wednesday, March 25th. The company reported C($2.62) 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 business had revenue of C$395.77 million during the quarter. As a group, research analysts predict that Ag Growth International will post 6.5761006 earnings per share for the current year.

Ag Growth International News Roundup

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.