TD Securities Forecasts Strong Price Appreciation for Ag Growth International (TSE:AFN) Stock

Ag Growth International (TSE:AFN) had its price target raised by TD Securities from C$48.00 to C$55.00 in a research report issued to clients and investors on Tuesday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. TD Securities’ price target points to a potential upside of 33.43% from the stock’s previous close.

AFN has been the subject of a number of other research reports. Desjardins upgraded shares of Ag Growth International to a “moderate buy” rating in a research note on Monday, June 9th. Royal Bank Of Canada raised shares of Ag Growth International from a “sector perform” rating to an “outperform” rating and lifted their target price for the stock from C$40.00 to C$50.00 in a report on Thursday, May 8th. National Bankshares lifted their target price on shares of Ag Growth International from C$49.00 to C$51.00 and gave the stock an “outperform” rating in a report on Wednesday, May 7th. Raymond James Financial raised shares of Ag Growth International from a “market perform” rating to an “outperform” rating and decreased their price target for the company from C$52.00 to C$47.00 in a report on Friday, March 7th. Finally, ATB Capital boosted their price target on shares of Ag Growth International from C$43.00 to C$47.00 and gave the company a “sector perform” rating in a report on Thursday, June 19th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, Ag Growth International currently has a consensus rating of “Moderate Buy” and a consensus price target of C$49.43.

Ag Growth International Stock Down 1.0%

Shares of AFN opened at C$41.22 on Tuesday. Ag Growth International has a 12 month low of C$30.81 and a 12 month high of C$58.14. The company has a 50-day moving average price of C$37.48 and a two-hundred day moving average price of C$39.38. The company has a quick ratio of 0.84, a current ratio of 1.41 and a debt-to-equity ratio of 277.31. The stock has a market cap of C$787.83 million, a price-to-earnings ratio of 32.91, a P/E/G ratio of 1.30 and a beta of 2.29.

About Ag Growth International

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.