TD Securities Issues Pessimistic Forecast for Ag Growth International (TSE:AFN) Stock Price

Ag Growth International (TSE:AFN) had its price objective reduced by equities researchers at TD Securities from C$41.00 to C$22.00 in a report issued on Thursday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. TD Securities’ price objective indicates a potential upside of 22.29% from the company’s previous close.

Several other research firms have also commented on AFN. Raymond James Financial lowered their price objective on Ag Growth International from C$30.00 to C$25.00 in a research report on Thursday. Canadian Imperial Bank of Commerce decreased their target price on shares of Ag Growth International from C$32.00 to C$18.00 in a research note on Thursday. ATB Cormark Capital Markets lowered shares of Ag Growth International from a “strong-buy” rating to a “moderate buy” rating and set a C$36.00 price target on the stock. in a research report on Wednesday. Desjardins cut their price objective 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. Finally, National Bank Financial downgraded shares of Ag Growth International from an “outperform” rating to a “hold” rating and decreased their price objective for the stock from C$39.00 to C$24.00 in a research report on Wednesday. Three investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, Ag Growth International has a consensus rating of “Hold” and an average target price of C$28.75.

Ag Growth International Price Performance

Shares of AFN opened at C$17.99 on Thursday. The business’s 50-day moving average is C$27.52 and its two-hundred day moving average is C$28.92. The company has a market capitalization of C$339.29 million, a P/E ratio of -12.76, a P/E/G 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. The company has a debt-to-equity ratio of 408.06, a quick ratio of 0.84 and a current ratio of 1.28.

Ag Growth International (TSE:AFN) last issued its earnings results on Wednesday, March 25th. The company reported C($2.62) EPS for the quarter. The company 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%. Research analysts predict that Ag Growth International will post 6.5761006 earnings per share for the current year.

Insider Transactions at Ag Growth International

In related news, Director Steven Robert Sommerfeld purchased 8,000 shares of the business’s stock in a transaction that occurred on Thursday, March 26th. The stock was 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 C$141,360. The trade was a ∞ increase in their ownership of the stock. Corporate insiders own 1.06% of the company’s stock.

Key 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.