Ag Growth International (TSE:AFN) PT Set at C$35.00 by Cormark

Ag Growth International (TSE:AFN) has been assigned a C$35.00 target price by equities researchers at Cormark in a research note issued to investors on Monday,BayStreet.CA reports. The brokerage presently has a “market perform” rating on the stock. Cormark’s price target indicates a potential upside of 31.09% from the company’s previous close.

Other research analysts have also recently issued reports about the stock. Royal Bank Of Canada cut shares of Ag Growth International from a “moderate buy” rating to a “hold” rating and reduced their price target for the company from C$50.00 to C$25.00 in a research report on Monday, November 17th. Desjardins cut their price target on shares of Ag Growth International from C$49.00 to C$47.00 and set a “buy” rating for the company in a research report on Monday, October 27th. CIBC downgraded 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 report on Monday, November 17th. National Bankshares lowered their target price on Ag Growth International from C$49.00 to C$37.00 and set an “outperform” rating for the company in a research note on Monday, December 1st. Finally, Raymond James Financial upgraded Ag Growth International from a “hold” rating to a “moderate buy” rating and set a C$52.00 price target on the stock in a research report on Friday. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of C$39.63.

Ag Growth International Price Performance

Shares of AFN traded down C$2.24 during trading hours on Monday, reaching C$26.70. 260,464 shares of the company’s stock traded hands, compared to its average volume of 218,433. Ag Growth International has a 12 month low of C$17.93 and a 12 month high of C$46.20. The company has a current ratio of 1.41, a quick ratio of 0.84 and a debt-to-equity ratio of 277.31. The stock has a market cap of C$502.20 million, a PE ratio of -55.63, a price-to-earnings-growth ratio of 1.30 and a beta of 0.76. The firm’s 50 day simple moving average is C$24.29 and its 200-day simple moving average is C$34.38.

Ag Growth International (TSE:AFN) last announced its earnings results on Thursday, January 8th. The company reported C$0.80 earnings per share for the quarter. The business had revenue of C$389.43 million for the quarter. Ag Growth International had a net margin of 1.71% and a return on equity of 7.48%. Equities analysts expect that Ag Growth International will post 6.5761006 EPS for the current year.

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. 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.