Ag Growth International (TSE:AFN) Given New C$55.00 Price Target at National Bankshares

Ag Growth International (TSE:AFN) had its price target lowered by stock analysts at National Bankshares from C$67.00 to C$55.00 in a report issued on Thursday,BayStreet.CA reports. The firm currently has an “outperform” rating on the stock. National Bankshares’ target price points to a potential upside of 40.66% from the company’s previous close.

Other analysts have also issued reports about the stock. TD Securities lowered their price objective on shares of Ag Growth International from C$73.00 to C$57.00 and set a “buy” rating for the company in a report on Tuesday, January 14th. Raymond James lowered their target price on shares of Ag Growth International from C$62.00 to C$52.00 in a report on Tuesday, January 14th. ATB Capital lowered shares of Ag Growth International from an “outperform” rating to a “sector perform” rating and lowered their target price for the company from C$79.00 to C$63.00 in a report on Tuesday, January 14th. Atb Cap Markets lowered shares of Ag Growth International from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 14th. Finally, CIBC decreased their price objective on shares of Ag Growth International from C$61.00 to C$58.00 in a report on Thursday. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of C$60.38.

Ag Growth International Trading Up 1.7 %

Shares of TSE:AFN traded up C$0.65 on Thursday, reaching C$39.10. 24,820 shares of the company traded hands, compared to its average volume of 107,942. The company has a current ratio of 1.49, a quick ratio of 0.84 and a debt-to-equity ratio of 298.35. The stock has a market capitalization of C$745.64 million, a P/E ratio of 25.72, a price-to-earnings-growth ratio of 1.30 and a beta of 2.29. Ag Growth International has a 52 week low of C$37.61 and a 52 week high of C$64.51. The business’s 50-day simple moving average is C$48.81 and its 200 day simple moving average is C$51.74.

Ag Growth International (TSE:AFN) last posted its earnings results on Tuesday, November 5th. The company reported C$1.26 earnings per share (EPS) for the quarter, missing the consensus estimate of C$1.66 by C($0.40). Ag Growth International had a return on equity of 10.35% and a net margin of 2.13%. During the same period in the prior year, the firm earned $1.62 earnings per share. As a group, equities analysts anticipate that Ag Growth International will post 6.5761006 EPS for the current fiscal year.

Ag Growth International Company Profile

Ag Growth International Inc, together with its subsidiaries, manufactures and sells equipment for the agriculture industry in Canada, the United States, and internationally. It operates through Farm and Commercial segments. The company offers grain, bolted, hopper, and smooth wall bins; temporary storage; unloads and sweeps systems; water tanks; secondary containment systems; fuel tanks; and storage accessories, as well as mixed flow dryers; fans and heaters; aeration products; vents and exhausters; and stirring systems.