Ag Growth International (TSE:AFN) Downgraded to “Sector Perform” Rating by National Bank Financial

National Bank Financial downgraded shares of Ag Growth International (TSE:AFN) from an outperform rating to a sector perform rating in a report issued on Wednesday,BayStreet.CA reports. National Bank Financial currently has C$24.00 price objective on the stock, down from their prior price objective of C$39.00.

A number of other analysts also recently weighed in on the stock. Royal Bank Of Canada increased their price target on shares of Ag Growth International from C$25.00 to C$30.00 and gave the company a “sector perform” rating in a research report on Tuesday, January 13th. Raymond James Financial upgraded shares of Ag Growth International from a “hold” rating to a “moderate buy” rating and set a C$52.00 price objective for the company in a report on Friday, January 9th. Cormark set a C$35.00 target price on shares of Ag Growth International and gave the stock a “hold” rating in a report on Monday, January 12th. ATB Cormark Capital Markets set a C$36.00 price target on shares of Ag Growth International and gave the stock an “outperform” rating in a research report on Monday, January 12th. Finally, TD Securities set a C$41.00 price target on shares of Ag Growth International and gave the company a “buy” rating in a report on Tuesday, January 13th. Three analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of C$33.63.

Ag Growth International Trading Down 32.9%

TSE AFN opened at C$16.89 on Wednesday. The stock has a 50-day simple moving average of C$27.98 and a 200 day simple moving average of C$29.15. The company has a market capitalization of C$317.68 million, a PE ratio of -35.19, a P/E/G ratio of 1.30 and a beta of 0.52. The company has a current ratio of 1.70, a quick ratio of 0.84 and a debt-to-equity ratio of 307.12. Ag Growth International has a 12 month low of C$13.60 and a 12 month high of C$44.84.

Ag Growth International (TSE:AFN) last issued its earnings results on Wednesday, March 25th. The company reported C($2.62) earnings per share (EPS) for the quarter. The company had revenue of C$395.77 million for the quarter. Ag Growth International had a negative return on equity of 3.11% and a negative net margin of 0.66%. Research analysts forecast 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.