Ag Growth International (TSE:AFN) Downgraded by Raymond James Financial to “Market Perform”

Raymond James Financial downgraded shares of Ag Growth International (TSE:AFN) from an outperform rating to a market perform rating in a research note issued to investors on Wednesday,BayStreet.CA reports. The firm currently has C$30.00 price objective on the stock, down from their prior price objective of C$52.00.

A number of other analysts have also recently commented on the stock. ATB Cormark Capital Markets set a C$36.00 price target on shares of Ag Growth International and gave the company an “outperform” rating in a research report on Wednesday. Cormark set a C$35.00 price objective on Ag Growth International and gave the stock a “hold” rating in a research report on Monday, January 12th. Royal Bank Of Canada boosted their price objective on Ag Growth International from C$25.00 to C$30.00 and gave the company a “sector perform” rating in a research note on Tuesday, January 13th. Desjardins cut their target price on Ag Growth International from C$47.00 to C$40.00 and set a “buy” rating on the stock in a research report on Monday, January 12th. Finally, National Bank Financial cut Ag Growth International from an “outperform” rating to a “sector perform” rating and decreased their target price for the stock from C$39.00 to C$24.00 in a research note on Wednesday. Three investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of C$33.63.

Ag Growth International Stock Down 32.9%

Ag Growth International stock opened at C$16.89 on Wednesday. The firm has a market cap of C$317.68 million, a price-to-earnings ratio of -35.19, a PEG ratio of 1.30 and a beta of 0.52. Ag Growth International has a 52-week low of C$13.60 and a 52-week high of C$44.84. The company has a debt-to-equity ratio of 307.12, a quick ratio of 0.84 and a current ratio of 1.70. The firm has a 50 day moving average price of C$27.98 and a two-hundred day moving average price of C$29.15.

Ag Growth International (TSE:AFN) last posted its quarterly earnings data on Wednesday, March 25th. The company reported C($2.62) EPS for the quarter. Ag Growth International had a negative net margin of 0.66% and a negative return on equity of 3.11%. The firm had revenue of C$395.77 million during the quarter. Equities analysts predict that Ag Growth International will post 6.5761006 EPS for the current year.

Ag Growth International Company Profile

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. Some of its brands are batco, wheatheart, westfield, storm, rem, hi roller, union iron, hsi, tramco, ptm, vis, nuvision, twister, grain guard, airlanco, westeel, frame, and entringer.