Ag Growth International (TSE:AFN) Stock Rating Lowered by Cibc Captl Mkts

Ag Growth International (TSE:AFN) was downgraded by equities research analysts at Cibc Captl Mkts from a “strong-buy” rating to a “hold” rating in a research note issued on Monday,Zacks.com reports.

Several other analysts have also commented on AFN. Atb Cap Markets raised shares of Ag Growth International from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 5th. CIBC cut Ag Growth International from an “outperform” rating to a “neutral” rating and dropped their price target for the company from C$58.00 to C$33.00 in a report on Monday. Desjardins cut their price objective on Ag Growth International from C$49.00 to C$47.00 and set a “buy” rating for the company in a research report on Monday, October 27th. TD Securities lifted their target price on Ag Growth International from C$55.00 to C$57.00 and gave the stock a “buy” rating in a report on Tuesday, August 5th. Finally, Royal Bank Of Canada lowered Ag Growth International from a “moderate buy” rating to a “hold” rating and cut their target price for the stock from C$50.00 to C$25.00 in a research report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Ag Growth International presently has a consensus rating of “Moderate Buy” and a consensus target price of C$44.57.

Ag Growth International Price Performance

Shares of TSE AFN opened at C$19.79 on Monday. Ag Growth International has a twelve month low of C$18.65 and a twelve month high of C$55.41. The company has a current ratio of 1.41, a quick ratio of 0.84 and a debt-to-equity ratio of 277.31. The company has a market capitalization of C$372.05 million, a price-to-earnings ratio of -54.97, a PEG ratio of 1.30 and a beta of 1.11. The firm has a 50-day moving average of C$35.04 and a two-hundred day moving average of C$38.79.

About Ag Growth International

Ag Growth International Inc manufactures portable and stationary grain handling, storage, and conditioning equipment, including augers, belt conveyors, grain storage bins, grain handling accessories, grain aeration equipment, and grain drying systems. The company operates mainly in Portable handling, permanent handling, storage and conditioning, livestock, and manufacturing sectors.