National Bankshares Increases Ag Growth International (TSE:AFN) Price Target to C$75.00

Ag Growth International (TSE:AFN) had its price objective hoisted by investment analysts at National Bankshares from C$73.00 to C$75.00 in a note issued to investors on Thursday, BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. National Bankshares’ price target indicates a potential upside of 48.87% from the stock’s current price.

A number of other research analysts have also recently commented on AFN. Royal Bank of Canada raised their price target on Ag Growth International from C$70.00 to C$75.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 15th. Raymond James upgraded Ag Growth International from a “market perform” rating to an “outperform” rating and set a C$64.00 price target on the stock in a research report on Thursday. TD Securities raised their price target on Ag Growth International from C$77.00 to C$83.00 and gave the stock a “buy” rating in a research report on Monday, August 14th. Cormark decreased their price target on Ag Growth International from C$84.00 to C$76.00 in a research report on Thursday. Finally, CIBC raised their price target on Ag Growth International from C$72.00 to C$78.00 in a research report on Monday, August 14th. Seven equities research analysts have rated the stock with a buy rating, According to MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of C$76.39.

Ag Growth International Stock Down 1.7 %

AFN stock opened at C$50.38 on Thursday. The company has a debt-to-equity ratio of 305.75, a current ratio of 1.57 and a quick ratio of 0.84. The stock has a market capitalization of C$957.22 million, a price-to-earnings ratio of -69.97, a PEG ratio of 1.30 and a beta of 2.35. The business’s fifty day moving average price is C$53.02 and its two-hundred day moving average price is C$53.75. Ag Growth International has a fifty-two week low of C$38.76 and a fifty-two week high of C$63.40.

Ag Growth International (TSE:AFN) last issued its quarterly earnings results on Thursday, August 10th. The company reported C$2.24 EPS for the quarter, topping analysts’ consensus estimates of C$1.29 by C$0.95. Ag Growth International had a negative return on equity of 3.18% and a negative net margin of 0.68%. The company had revenue of C$390.27 million for the quarter, compared to analysts’ expectations of C$424.00 million. During the same quarter last year, the business earned $1.20 earnings per share. On average, equities analysts anticipate that Ag Growth International will post 5.875 earnings per share for the current year.

About Ag Growth International

Ag Growth International Inc, together with its subsidiaries, manufactures and distributes grain and fertilizer handling equipment, aeration products, and storage bins 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.