National Bank Financial Cuts Ag Growth International (TSE:AFN) Price Target to C$20.00

Ag Growth International (TSE:AFNGet Free Report) had its target price decreased by investment analysts at National Bank Financial from C$24.00 to C$20.00 in a research report issued on Monday,BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the stock. National Bank Financial’s price objective would indicate a potential upside of 5.32% from the company’s previous close.

A number of other equities research analysts also recently issued reports on AFN. TD Securities cut their price target on Ag Growth International from C$41.00 to C$22.00 and set a “buy” rating for the company in a research note on Thursday, March 26th. TD raised their price objective on shares of Ag Growth International from C$22.00 to C$30.00 and gave the stock a “buy” rating in a report on Tuesday, May 12th. Raymond James Financial cut their target price on shares of Ag Growth International from C$30.00 to C$25.00 in a research report on Thursday, March 26th. ATB Cormark Capital Markets lifted their price target on shares of Ag Growth International from C$22.00 to C$25.00 and gave the stock a “sector perform” rating in a research note on Thursday, May 7th. Finally, Royal Bank Of Canada raised shares of Ag Growth International from a “sector perform” rating to an “outperform” rating and boosted their price objective for the company from C$25.00 to C$30.00 in a research report on Monday, May 11th. Four research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, Ag Growth International currently has a consensus rating of “Hold” and a consensus target price of C$27.78.

Read Our Latest Report on AFN

Ag Growth International Stock Performance

Shares of TSE AFN traded down C$0.14 during midday trading on Monday, hitting C$18.99. 29,740 shares of the stock traded hands, compared to its average volume of 125,868. The firm has a 50-day moving average of C$21.64 and a two-hundred day moving average of C$23.67. The firm has a market capitalization of C$358.17 million, a P/E ratio of -6.64, a PEG ratio of 1.30 and a beta of 0.99. The company has a debt-to-equity ratio of 497.80, a quick ratio of 0.84 and a current ratio of 1.35. Ag Growth International has a one year low of C$13.60 and a one year high of C$44.84.

Ag Growth International (TSE:AFNGet Free Report) last issued its quarterly earnings data on Wednesday, May 6th. The company reported C($2.35) EPS for the quarter. The firm had revenue of C$282.17 million during the quarter. Ag Growth International had a negative return on equity of 20.06% and a negative net margin of 3.80%. On average, equities analysts forecast that Ag Growth International will post 6.5761006 EPS for the current fiscal year.

Insider Transactions at Ag Growth International

In related news, Director Rohit Bhardwaj bought 8,500 shares of the stock in a transaction dated Monday, May 11th. The shares were purchased at an average price of C$24.00 per share, with a total value of C$204,000.00. Following the completion of the acquisition, the director owned 28,500 shares of the company’s stock, valued at C$684,000. This represents a 42.50% increase in their ownership of the stock. 1.06% of the stock is currently owned by company insiders.

About Ag Growth International

(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.

Further Reading

Analyst Recommendations for Ag Growth International (TSE:AFN)

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