Ag Growth International (TSE:AFN) Earns “Buy” Rating from Desjardins

Ag Growth International (TSE:AFNGet Rating)‘s stock had its “buy” rating reissued by equities researchers at Desjardins in a note issued to investors on Wednesday, Zacks.com reports.

Other research analysts have also recently issued reports about the stock. Raymond James set a C$50.00 price objective on shares of Ag Growth International and gave the company an “outperform” rating in a report on Monday, May 9th. Scotiabank raised their target price on shares of Ag Growth International from C$45.00 to C$50.00 in a report on Thursday, March 10th. Royal Bank of Canada raised their target price on shares of 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. CIBC raised their target price on shares of Ag Growth International from C$47.00 to C$51.00 in a report on Thursday, March 10th. Finally, National Bankshares set a C$49.00 target price on shares of Ag Growth International and gave the stock an “outperform” rating in a report on Tuesday, April 19th. Eight equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, Ag Growth International has an average rating of “Buy” and a consensus price target of C$50.57.

Ag Growth International stock opened at C$32.59 on Wednesday. The firm has a 50 day simple moving average of C$40.21 and a 200-day simple moving average of C$35.49. The company has a debt-to-equity ratio of 334.55, a current ratio of 1.23 and a quick ratio of 0.60. The stock has a market capitalization of C$612.50 million and a PE ratio of 65.31. Ag Growth International has a 12-month low of C$25.85 and a 12-month high of C$44.24.

Ag Growth International (TSE:AFNGet Rating) last posted its quarterly earnings data 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 during the quarter, compared to the consensus estimate of C$287.08 million. On average, analysts forecast that Ag Growth International will post 3.9599998 earnings per share for the current fiscal year.

About Ag Growth International (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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