Ag Growth International (AFN) Price Target Increased to C$70.00 by Analysts at Raymond James

Ag Growth International (TSE:AFN) had its price objective increased by equities research analysts at Raymond James from C$65.00 to C$70.00 in a research note issued to investors on Thursday. The firm presently has an “outperform” rating on the stock. Raymond James’ target price suggests a potential upside of 21.11% from the company’s current price.

A number of other research firms have also issued reports on AFN. TD Securities dropped their price target on Ag Growth International from C$80.00 to C$78.00 and set an “action list buy” rating for the company in a research report on Friday, October 26th. National Bank Financial restated an “outperform” rating and issued a C$71.00 price target on shares of Ag Growth International in a research report on Friday, October 26th. Cormark restated a “buy” rating and issued a C$75.00 price target on shares of Ag Growth International in a research report on Monday, August 27th. Finally, Royal Bank of Canada upped their price target on Ag Growth International from C$65.00 to C$70.00 and gave the company an “outperform” rating in a research report on Friday, August 10th. Six investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of C$69.44.

Shares of Ag Growth International stock opened at C$57.80 on Thursday. Ag Growth International has a 12 month low of C$47.08 and a 12 month high of C$64.72. The company has a debt-to-equity ratio of 187.32, a current ratio of 1.89 and a quick ratio of 0.81.

Ag Growth International (TSE:AFN) last announced its earnings results on Wednesday, November 7th. The company reported C$0.74 EPS for the quarter, missing analysts’ consensus estimates of C$1.11 by C($0.37). The business had revenue of C$242.17 million during the quarter, compared to analyst estimates of C$245.20 million. Equities research analysts expect that Ag Growth International will post 3.62000010856382 EPS for the current fiscal year.

In other news, Director Gary Keith Anderson sold 10,600 shares of the company’s stock in a transaction that occurred on Wednesday, September 12th. The stock was sold at an average price of C$63.72, for a total value of C$675,432.00.

About Ag Growth International

Ag Growth International Inc, together with its subsidiaries, manufactures and distributes grain handling, storage, and conditioning equipment in Canada, the United States, and internationally. The company offers portable handling equipment, such as portable augers, portable belt conveyors, grainvacs, and storm seed treaters; and permanent handling equipment, including TA tapered auger vertical blend systems, high-tonnage conveying systems, distributors, bulk weigh hoppers, enclosed belt conveyors, bucket elevators, rail and truck probes, VIS micro dosing systems, chain conveyors, truss and towers, screw feeders and conveyors, and spout and connections.

Recommended Story: Stock Selection – What is cash flow?

Analyst Recommendations for Ag Growth International (TSE:AFN)

Receive News & Ratings for Ag Growth International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ag Growth International and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply