Raymond James Financial Has Lowered Expectations for Ag Growth International (TSE:AFN) Stock Price

Ag Growth International (TSE:AFN) had its target price decreased by research analysts at Raymond James Financial from C$25.00 to C$20.00 in a research report issued to clients and investors on Friday, BayStreet reports. The brokerage currently has a “market perform” rating on the stock. Raymond James Financial‘s price target points to a potential upside of 122.47% from the company’s previous close.

A number of other analysts have also recently commented on AFN. TD Securities cut Ag Growth International from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 28th. National Bank Financial reduced their price objective on Ag Growth International from C$19.00 to C$11.00 and set a “sector perform” rating for the company in a research note on Thursday, October 15th. Desjardins decreased their target price on Ag Growth International from C$20.00 to C$16.00 and set a “buy” rating for the company in a report on Friday. ATB Cormark Capital Markets raised shares of Ag Growth International from a “sector perform” rating to a “speculative buy” rating and raised their price target for the stock from C$11.00 to C$14.00 in a research report on Friday. Finally, Royal Bank Of Canada decreased their price objective on shares of Ag Growth International from C$30.00 to C$20.00 and set an “outperform” rating for the company in a research note on Friday, July 31st. Four equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, Ag Growth International presently has a consensus rating of “Hold” and an average target price of C$19.78.

Ag Growth International Stock Performance

Shares of TSE AFN traded down C$0.26 during midday trading on Friday, reaching C$8.99. The company had a trading volume of 103,229 shares, compared to its average volume of 147,796. Ag Growth International has a 1 year low of C$5.80 and a 1 year high of C$32.75. The business’s 50-day simple moving average is C$9.75 and its 200 day simple moving average is C$18.38. The company has a current ratio of 1.30, a quick ratio of 0.84 and a debt-to-equity ratio of 541.43. The stock has a market cap of C$169.73 million, a P/E ratio of -1.44, a P/E/G ratio of 1.30 and a beta of 1.73.

Ag Growth International (TSE:AFN) last announced its quarterly earnings data on Wednesday, November 11th. The company reported C$0.16 earnings per share for the quarter. Ag Growth International had a negative net margin of 8.43% and a negative return on equity of 48.31%. The firm had revenue of C$340.50 million for the quarter. On average, analysts forecast that Ag Growth International will post 6.58 earnings per share for the current fiscal year.

Ag Growth International Company Profile

Ag Growth International Inc. is a leading manufacturer and supplier of equipment and solutions for the agriculture, fertilizer, feed, food and commercial sectors. With manufacturing facilities and operations on six continents, AGI provides complete systems and services that support producers and processors throughout the agricultural value chain.