Desjardins Forecasts Strong Price Appreciation for Ag Growth International (TSE:AFN) Stock

Ag Growth International (TSE:AFN) had its price objective raised by research analysts at Desjardins from C$47.00 to C$49.00 in a research report issued to clients and investors on Friday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Desjardins’ price target points to a potential upside of 14.62% from the stock’s current price. Desjardins also issued estimates for Ag Growth International’s FY2025 earnings at $3.10 EPS and FY2027 earnings at $5.68 EPS.

Several other brokerages also recently weighed in on AFN. TD Securities raised their target price on shares of Ag Growth International from C$48.00 to C$55.00 and gave the company a “buy” rating in a research note on Tuesday, June 24th. ATB Capital raised their target price on shares of Ag Growth International from C$43.00 to C$47.00 and gave the company a “sector perform” rating in a research note on Thursday, June 19th. National Bankshares raised their target price on shares of Ag Growth International from C$49.00 to C$51.00 and gave the company an “outperform” rating in a research note on Wednesday, May 7th. Royal Bank Of Canada upgraded shares of Ag Growth International from a “sector perform” rating to an “outperform” rating and raised their target price for the company from C$40.00 to C$50.00 in a research note on Thursday, May 8th. Finally, CIBC lowered their target price on shares of Ag Growth International from C$52.00 to C$49.00 and set an “outperform” rating for the company in a research note on Wednesday, May 7th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of C$49.71.

Ag Growth International Stock Performance

Shares of AFN stock opened at C$42.75 on Friday. The firm has a market cap of C$817.07 million, a price-to-earnings ratio of 34.13, a PEG ratio of 1.30 and a beta of 2.29. Ag Growth International has a 52-week low of C$30.81 and a 52-week high of C$57.10. The company has a quick ratio of 0.84, a current ratio of 1.41 and a debt-to-equity ratio of 277.31. The company’s 50 day moving average is C$41.26 and its 200 day moving average is C$37.85.

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.