Cibc Captl Mkts Downgrades Ag Growth International (TSE:AFN) to Hold

Ag Growth International (TSE:AFN) was downgraded by Cibc Captl Mkts from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

A number of other equities research analysts also recently weighed in on the stock. TD Securities boosted their price target on shares of Ag Growth International from C$55.00 to C$57.00 and gave the stock a “buy” rating in a research note on Tuesday, August 5th. Raymond James Financial lowered shares of Ag Growth International from a “moderate buy” rating to a “hold” rating in a report on Thursday, November 13th. Desjardins cut their price target on Ag Growth International from C$49.00 to C$47.00 and set a “buy” rating on the stock in a research note on Monday, October 27th. CIBC cut Ag Growth International from an “outperform” rating to a “neutral” rating and decreased their price objective for the stock from C$58.00 to C$33.00 in a research note on Monday. Finally, Atb Cap Markets upgraded Ag Growth International from a “hold” rating to a “strong-buy” rating in a report on Tuesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$44.57.

Ag Growth International Stock Performance

Shares of TSE:AFN opened at C$20.38 on Monday. The company has a current ratio of 1.41, a quick ratio of 0.84 and a debt-to-equity ratio of 277.31. Ag Growth International has a 1-year low of C$18.65 and a 1-year high of C$55.41. The stock has a market capitalization of C$383.14 million, a P/E ratio of -56.61, a P/E/G ratio of 1.30 and a beta of 1.11. The business has a 50-day moving average price of C$35.45 and a two-hundred day moving average price of C$38.89.

Ag Growth International Company Profile

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.