Ag Growth International (TSE:AFN) PT Set at C$50.00 by Raymond James

Ag Growth International (TSE:AFNGet Rating) has been given a C$50.00 price objective by equities research analysts at Raymond James in a research note issued to investors on Monday, BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. Raymond James’ price objective would suggest a potential upside of 31.23% from the stock’s previous close.

AFN has been the topic of several other reports. Scotiabank increased their price target on Ag Growth International from C$45.00 to C$50.00 in a research report on Thursday, March 10th. National Bankshares set a C$49.00 target price on Ag Growth International and gave the company an “outperform” rating in a research report on Tuesday, April 19th. CIBC boosted their price target on shares of Ag Growth International from C$47.00 to C$51.00 in a research note on Thursday, March 10th. Royal Bank of Canada raised their price objective on Ag Growth International from C$45.00 to C$50.00 and gave the stock an “outperform” rating in a report on Thursday, March 17th. Finally, ATB Capital reiterated an “outperform” rating and set a C$58.00 target price on shares of Ag Growth International in a research note on Wednesday, April 20th. Seven equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of C$50.57.

TSE:AFN traded down C$1.92 during midday trading on Monday, hitting C$38.10. The stock had a trading volume of 34,337 shares, compared to its average volume of 73,024. Ag Growth International has a one year low of C$25.85 and a one year high of C$45.75. The company has a market capitalization of C$716.05 million and a price-to-earnings ratio of 76.41. The stock has a 50-day moving average of C$40.50 and a 200 day moving average of C$35.38. The company has a quick ratio of 0.60, a current ratio of 1.23 and a debt-to-equity ratio of 334.55.

Ag Growth International (TSE:AFNGet Rating) last announced its earnings results on Wednesday, March 9th. The company reported C$0.89 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.47 by C$0.42. The company had revenue of C$327.10 million for the quarter, compared to the consensus estimate of C$287.08 million. On average, sell-side analysts anticipate that Ag Growth International will post 3.9599998 earnings per share for the current fiscal year.

Ag Growth International Company Profile (Get Rating)

Ag Growth International Inc, together with its subsidiaries, manufactures and distributes grain and rice handling, storage, and conditioning equipment in Canada, the United States, and internationally. The company offers storage equipment comprising grain and bolted bins, hopper bins, smooth wall bins, temporary storage equipment, unloads and sweeps, water tanks, fuel tanks; and conditioning equipment, such as mixed flow dryers, fans and heaters, aerations, airaugers, aeration floors, vents and exhausters, stirrings, and accessories.

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Analyst Recommendations for Ag Growth International (TSE:AFN)

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