Ag Growth International (TSE:AFN) Stock Price Expected to Rise, Raymond James Financial Analyst Says

Ag Growth International (TSE:AFN) had its price target increased by research analysts at Raymond James Financial from C$47.00 to C$52.00 in a note issued to investors on Tuesday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. Raymond James Financial’s target price indicates a potential upside of 21.30% from the company’s current price.

Several other analysts have also issued reports on AFN. CIBC dropped their target price on Ag Growth International from C$52.00 to C$49.00 and set an “outperform” rating on the stock in a report on Wednesday, May 7th. Desjardins upped their target price on Ag Growth International from C$47.00 to C$49.00 and gave the stock a “buy” rating in a research note on Friday, August 1st. ATB Capital upped their target price on Ag Growth International from C$43.00 to C$47.00 and gave the stock a “sector perform” rating in a research note on Thursday, June 19th. Royal Bank Of Canada upgraded Ag Growth International from a “sector perform” rating to an “outperform” rating and upped their target price for the stock from C$40.00 to C$50.00 in a research note on Thursday, May 8th. Finally, TD Securities upped their target price on Ag Growth International from C$48.00 to C$55.00 and gave the stock a “buy” rating in a research note on Tuesday, June 24th. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of C$50.71.

Ag Growth International Stock Up 3.3%

TSE AFN opened at C$42.87 on Tuesday. The company has a debt-to-equity ratio of 277.31, a quick ratio of 0.84 and a current ratio of 1.41. Ag Growth International has a 52 week low of C$30.81 and a 52 week high of C$57.10. The stock has a fifty day moving average of C$41.48 and a 200-day moving average of C$37.92. The stock has a market capitalization of C$819.36 million, a P/E ratio of 34.23, a price-to-earnings-growth ratio of 1.30 and a beta of 2.29.

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.