Ag Growth International (TSE:AFN) Given New C$22.00 Price Target at TD Securities

Ag Growth International (TSE:AFN) had its target price decreased by TD Securities from C$41.00 to C$22.00 in a report issued on Thursday morning,BayStreet.CA reports. TD Securities currently has a buy rating on the stock.

AFN has been the subject of several other research reports. Raymond James Financial dropped their price objective on shares of Ag Growth International from C$30.00 to C$25.00 in a research report on Thursday. National Bank Financial cut Ag Growth International from an “outperform” rating to a “hold” rating and decreased their price target for the company from C$39.00 to C$24.00 in a report on Wednesday. Royal Bank Of Canada lifted their price objective on Ag Growth International from C$25.00 to C$30.00 and gave the stock a “sector perform” rating in a research report on Tuesday, January 13th. Desjardins dropped their price objective on 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, Canadian Imperial Bank of Commerce cut their price objective on shares of Ag Growth International from C$32.00 to C$18.00 in a report on Thursday. Three research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of C$28.75.

Ag Growth International Stock Performance

Ag Growth International stock opened at C$17.80 on Thursday. The stock has a 50-day simple moving average of C$27.75 and a 200 day simple moving average of C$29.07. The stock has a market capitalization of C$334.80 million, a price-to-earnings ratio of -37.08, a P/E/G ratio of 1.30 and a beta of 0.52. The company has a quick ratio of 0.84, a current ratio of 1.28 and a debt-to-equity ratio of 408.06. 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 posted its quarterly earnings data on Wednesday, March 25th. The company reported C($2.62) earnings per share for the quarter. Ag Growth International had a negative net margin of 1.86% and a negative return on equity of 9.21%. The company had revenue of C$395.77 million during the quarter. On average, research analysts anticipate that Ag Growth International will post 6.5761006 earnings per share for the current fiscal year.

Ag Growth International News Summary

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

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.