Ag Growth International (TSE:AFN – Get Free Report) was downgraded by analysts at Raymond James from an “outperform” rating to a “market perform” rating in a research report issued to clients and investors on Friday, BayStreet.CA reports. They currently have a C$62.00 price target on the stock, down from their prior price target of C$72.00. Raymond James’ price target indicates a potential upside of 29.46% from the stock’s current price.
Other equities analysts have also issued reports about the company. CIBC cut their target price on Ag Growth International from C$78.00 to C$75.00 and set an “outperform” rating on the stock in a research report on Wednesday. TD Securities cut their target price on Ag Growth International from C$79.00 to C$77.00 and set a “buy” rating on the stock in a research report on Monday, August 12th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$75.67.
Ag Growth International Stock Down 4.2 %
Ag Growth International (TSE:AFN – Get Free Report) last released its quarterly earnings results on Wednesday, August 7th. The company reported C$1.42 earnings per share for the quarter, missing analysts’ consensus estimates of C$1.67 by C($0.25). Ag Growth International had a return on equity of 10.35% and a net margin of 2.13%. The company had revenue of C$351.78 million during the quarter, compared to analysts’ expectations of C$397.51 million. As a group, sell-side analysts predict that Ag Growth International will post 6.5761006 EPS for the current fiscal year.
Ag Growth International Company Profile
Ag Growth International Inc, together with its subsidiaries, manufactures and sells equipment for the agriculture industry in Canada, the United States, and internationally. It operates through Farm and Commercial segments. The company offers grain, bolted, hopper, and smooth wall bins; temporary storage; unloads and sweeps systems; water tanks; secondary containment systems; fuel tanks; and storage accessories, as well as mixed flow dryers; fans and heaters; aeration products; vents and exhausters; and stirring systems.
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