Ag Growth International (TSE:AFN) Price Target Cut to C$18.00 by Analysts at Canadian Imperial Bank of Commerce

Ag Growth International (TSE:AFN) had its price target trimmed by Canadian Imperial Bank of Commerce from C$32.00 to C$18.00 in a report released on Thursday,BayStreet.CA reports.

Several other equities research analysts also recently weighed in on the stock. ATB Cormark Capital Markets downgraded shares of Ag Growth International from a “strong-buy” rating to a “moderate buy” rating and set a C$36.00 target price for the company. in a research report on Wednesday. TD Securities set a C$41.00 price objective on Ag Growth International and gave the company a “buy” rating in a research note on Tuesday, January 13th. Cormark set a C$35.00 target price on Ag Growth International and gave the stock a “hold” rating in a report on Monday, January 12th. National Bank Financial downgraded Ag Growth International from an “outperform” rating to a “hold” rating and lowered their price target for the company from C$39.00 to C$24.00 in a report on Wednesday. Finally, Raymond James Financial decreased their price objective on shares of Ag Growth International from C$30.00 to C$25.00 in a report on Thursday. Three research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of C$28.75.

Ag Growth International Stock Up 5.4%

Shares of TSE AFN opened at C$17.80 on Thursday. The company has a debt-to-equity ratio of 408.06, a quick ratio of 0.84 and a current ratio of 1.28. Ag Growth International has a 1 year low of C$13.60 and a 1 year high of C$44.84. The stock’s 50-day simple moving average is C$27.75 and its 200-day simple moving average is C$29.07. The firm has a market cap of C$334.80 million, a price-to-earnings ratio of -37.08, a PEG ratio of 1.30 and a beta of 0.52.

Ag Growth International (TSE:AFN) last posted its quarterly earnings data on Wednesday, March 25th. The company reported C($2.62) earnings per share (EPS) for the quarter. Ag Growth International had a negative return on equity of 9.21% and a negative net margin of 1.86%.The business had revenue of C$395.77 million for the quarter. As a group, equities analysts anticipate that Ag Growth International will post 6.5761006 earnings per share for the current fiscal year.

More Ag Growth International News

Here are the key news stories impacting Ag Growth International this week:

• Positive Sentiment: TD Securities kept a “buy” rating while lowering its price target to C$22 (still ~24% upside vs. the current price). This is a modest supportive signal that some brokers see recovery potential. TD Securities Price Target
• Positive Sentiment: ATB Cormark cut its rating from “strong-buy” to “moderate buy” but left a C$36 target, indicating continued bullish conviction from that shop despite a downgrade. ATB Cormark Update
• Neutral Sentiment: Raymond James lowered a price target (reported variably) — one update shows a cut to C$25 — reflecting mixed analyst views; the change signals caution but not unanimous sell-side negative conviction. Raymond James Target Cut
• Neutral Sentiment: CIBC reduced its price target to C$18, leaving only a very small upside from the current level — this tightens expectations and reduces near-term upside but is not a formal downgrade. CIBC Target Cut
• Negative Sentiment: National Bank Financial downgraded AFN from “outperform” to “hold” and cut its target to C$24, removing a previously bullish endorsement and increasing downside pressure. National Bank Downgrade
• Negative Sentiment: Raymond James also issued a downgrade (from “moderate buy” to “hold” in a separate update) and reduced its target significantly, compounding negative broker sentiment. Raymond James Downgrade
• Negative Sentiment: Quarterly results showed an EPS loss of C($2.62) and a negative net margin (‑0.66%), highlighting near-term profitability challenges and likely driving selling pressure. Earnings Release & Call
• Negative Sentiment: Media coverage flagged the stock among small caps that “sank” after recent moves, reflecting the market reaction to the earnings and analyst changes. Globe and Mail Coverage

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. 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.