Raymond James Financial Has Lowered Expectations for Ag Growth International (TSE:AFN) Stock Price

Ag Growth International (TSE:AFN) had its price target cut by equities research analysts at Raymond James Financial from C$30.00 to C$25.00 in a report issued on Thursday,BayStreet.CA reports. Raymond James Financial’s price target suggests a potential upside of 38.97% from the company’s current price.

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

Ag Growth International Trading Up 1.1%

Shares of Ag Growth International stock opened at C$17.99 on Thursday. The company’s 50-day moving average price is C$27.52 and its 200-day moving average price is C$28.92. The company has a market cap of C$339.29 million, a price-to-earnings ratio of -12.76, a PEG ratio of 1.30 and a beta of 0.52. Ag Growth International has a 12-month low of C$13.60 and a 12-month high of C$44.84. The company has a current ratio of 1.28, a quick ratio of 0.84 and a debt-to-equity ratio of 408.06.

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

Insider Buying and Selling

In other Ag Growth International news, Director Steven Robert Sommerfeld bought 8,000 shares of Ag Growth International stock in a transaction that occurred on Thursday, March 26th. The shares were bought at an average price of C$17.67 per share, with a total value of C$141,360.00. Following the acquisition, the director owned 8,000 shares in the company, valued at approximately C$141,360. This trade represents a ∞ increase in their ownership of the stock. 1.06% of the stock is owned by insiders.

More Ag Growth International News

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

• Positive Sentiment: Director insider purchase — Director Steven Robert Sommerfeld bought 8,000 shares at C$17.67 (≈C$141k), signaling insider confidence and providing a near-term support signal for the share price.
• Positive Sentiment: TD Securities kept a Buy rating despite lowering its target to C$22, leaving a meaningful upside case that may limit downside. BayStreet Article
• Positive Sentiment: ATB Cormark coverage mentioned as a Buy in The Globe and Mail, which can attract investors who follow that call. Globe & Mail: ATB Buy
• Neutral Sentiment: Higher-than-average trading volume and intraday uptick suggest active repositioning: volume ~247k vs avg ~149k, and the stock remains well below its 50- and 200-day averages, indicating continued investor caution.
• Negative Sentiment: Analyst downgrades and price-target cuts — Multiple firms reduced ratings/targets (Raymond James to Hold; National Bank and others lowered ratings/targets), which increases selling pressure and signals weaker near-term sentiment. Raymond James Downgrade National Bank Cut
• Negative Sentiment: Major target cuts from Canadian banks — CIBC cut its target from C$32 to C$18 (now ~flat to current levels), and others trimmed targets significantly, which constrains upside expectations and may weigh on sentiment. BayStreet: Targets Lowered
• Negative Sentiment: Market commentary highlights the stock among small-caps that ‘sank’ today, reflecting short-term selling momentum and headline-driven pressure. Globe & Mail: Small Caps

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.