Ag Growth International Inc. (TSE:AFN) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Ag Growth International Inc. (TSE:AFN) have been given an average rating of “Moderate Buy” by the eight ratings firms that are currently covering the firm, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is C$38.25.

Several research firms have weighed in on AFN. National Bank Financial increased their target price on Ag Growth International from C$37.00 to C$39.00 and gave the company an “outperform” rating in a research note on Monday, January 12th. Canadian Imperial Bank of Commerce cut Ag Growth International from an “outperform” rating to a “hold” rating and lowered their price target for the company from C$58.00 to C$33.00 in a research note on Monday, November 17th. Cormark set a C$35.00 price target on shares of Ag Growth International and gave the company a “hold” rating in a research report on Monday, January 12th. Desjardins decreased their price objective on shares of Ag Growth International from C$47.00 to C$40.00 and set a “buy” rating for the company in a report on Monday, January 12th. Finally, Raymond James Financial raised shares of Ag Growth International from a “hold” rating to a “moderate buy” rating and set a C$52.00 target price for the company in a research note on Friday, January 9th.

Ag Growth International Price Performance

Shares of AFN stock opened at C$29.65 on Friday. The firm’s 50 day moving average price is C$26.85 and its two-hundred day moving average price is C$31.83. 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$17.93 and a 52-week high of C$44.84. The stock has a market cap of C$557.69 million, a PE ratio of -61.77, a PEG ratio of 1.30 and a beta of 0.75.

Ag Growth International (TSE:AFN) last posted its quarterly earnings results on Thursday, January 8th. The company reported C$0.80 earnings per share for the quarter. Ag Growth International had a return on equity of 7.48% and a net margin of 1.71%.The company had revenue of C$389.43 million for the quarter. As a group, analysts forecast that Ag Growth International will post 6.5761006 EPS for the current year.

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.