TD Forecasts Strong Price Appreciation for Ag Growth International (TSE:AFN) Stock

Ag Growth International (TSE:AFNGet Free Report) had its price target raised by equities research analysts at TD from C$22.00 to C$30.00 in a report issued on Tuesday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. TD’s price target suggests a potential upside of 22.50% from the stock’s current price.

Several other research firms have also recently weighed in on AFN. National Bank Financial cut Ag Growth International from an “outperform” rating to a “hold” rating and reduced their price objective for the stock from C$39.00 to C$24.00 in a research report on Wednesday, March 25th. Desjardins reduced 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 research report on Monday, January 12th. ATB Cormark Capital Markets upped their target price on Ag Growth International from C$22.00 to C$25.00 and gave the stock a “sector perform” rating in a report on Thursday, May 7th. Raymond James Financial dropped their target price on Ag Growth International from C$30.00 to C$25.00 in a report on Thursday, March 26th. Finally, TD Securities dropped their target price on Ag Growth International from C$41.00 to C$22.00 and set a “buy” rating on the stock in a report on Thursday, March 26th. Four equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of C$28.22.

Read Our Latest Report on Ag Growth International

Ag Growth International Trading Down 2.2%

TSE:AFN traded down C$0.55 on Tuesday, reaching C$24.49. The company’s stock had a trading volume of 102,184 shares, compared to its average volume of 135,299. Ag Growth International has a 1-year low of C$13.60 and a 1-year high of C$44.84. The company has a debt-to-equity ratio of 497.80, a quick ratio of 0.84 and a current ratio of 1.35. The firm has a market cap of C$461.91 million, a PE ratio of -8.56, a PEG ratio of 1.30 and a beta of 1.04. The business’s 50-day moving average price is C$21.63 and its two-hundred day moving average price is C$25.18.

Ag Growth International (TSE:AFNGet Free Report) last posted its earnings results on Wednesday, May 6th. The company reported C($2.35) earnings per share (EPS) for the quarter. Ag Growth International had a negative net margin of 3.80% and a negative return on equity of 20.06%. The business had revenue of C$282.17 million during the quarter. Equities research analysts anticipate that Ag Growth International will post 6.5761006 earnings per share for the current fiscal year.

Insider Buying and Selling at Ag Growth International

In other Ag Growth International news, insider Paul Brisebois acquired 32,000 shares of the company’s stock in a transaction on Thursday, March 26th. The shares were purchased at an average price of C$17.09 per share, for a total transaction of C$546,880.00. Following the completion of the purchase, the insider directly owned 48,086 shares of the company’s stock, valued at approximately C$821,789.74. This represents a 198.93% increase in their ownership of the stock. Also, Director Steven Robert Sommerfeld acquired 8,000 shares of the company’s stock in a transaction on Thursday, March 26th. The stock was acquired at an average price of C$17.67 per share, for a total transaction of C$141,360.00. Following the purchase, the director directly owned 8,000 shares of the company’s stock, valued at approximately C$141,360. This trade represents a ∞ increase in their ownership of the stock. Insiders have acquired 48,500 shares of company stock worth $892,240 over the last 90 days. Company insiders own 1.06% of the company’s stock.

Ag Growth International Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Ag Growth International (TSE:AFN)

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