Ag Growth International (TSE:AFN) Price Target Cut to C$78.00

Ag Growth International (TSE:AFN) had its price objective dropped by investment analysts at Desjardins from C$86.00 to C$78.00 in a research report issued on Wednesday, BayStreet.CA reports. The firm presently has a “buy” rating on the stock. Desjardins’ price objective indicates a potential upside of 56.47% from the stock’s current price.

Other equities research analysts have also issued research reports about the stock. Raymond James boosted their price target on shares of Ag Growth International from C$64.00 to C$72.00 and gave the company an “outperform” rating in a report on Thursday, March 7th. TD Securities lifted their price target on shares of Ag Growth International from C$75.00 to C$83.00 and gave the company a “buy” rating in a research report on Thursday, March 7th. National Bankshares increased their price objective on Ag Growth International from C$75.00 to C$82.00 and gave the company an “outperform” rating in a research report on Thursday, March 7th. Royal Bank of Canada raised their target price on Ag Growth International from C$75.00 to C$80.00 and gave the stock an “outperform” rating in a research report on Friday, March 8th. Finally, CIBC boosted their price target on Ag Growth International from C$78.00 to C$82.00 and gave the company an “outperform” rating in a research note on Thursday, March 7th. Eight analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of C$78.22.

Ag Growth International Price Performance

AFN opened at C$49.85 on Wednesday. Ag Growth International has a twelve month low of C$47.07 and a twelve month high of C$64.51. The company has a current ratio of 1.21, a quick ratio of 0.84 and a debt-to-equity ratio of 285.22. The firm has a market cap of C$947.65 million, a price-to-earnings ratio of 14.49, a PEG ratio of 1.30 and a beta of 2.32. The company has a fifty day simple moving average of C$60.64 and a 200 day simple moving average of C$55.32.

Ag Growth International (TSE:AFN) last issued its quarterly earnings data on Tuesday, March 5th. The company reported C$1.70 earnings per share (EPS) for the quarter, topping the consensus estimate of C$1.08 by C$0.62. Ag Growth International had a return on equity of 23.61% and a net margin of 4.51%. The business had revenue of C$379.32 million during the quarter, compared to the consensus estimate of C$414.68 million. Equities research analysts expect that Ag Growth International will post 5.9042146 EPS for the current fiscal year.

Ag Growth International Company Profile

Ag Growth International Inc, together with its subsidiaries, manufactures and sells equipment for the agriculture industry in Canada, the United States, and internationally. It operates through Farm and Commercial segments. The company offers grain, bolted, hopper, and smooth wall bins; temporary storage; unloads and sweeps systems; water tanks; secondary containment systems; fuel tanks; and storage accessories, as well as mixed flow dryers; fans and heaters; aeration products; vents and exhausters; and stirring systems.