Ag Growth International (TSE:AFN) Given New C$70.00 Price Target at CIBC

Ag Growth International (TSE:AFN) had its price target lowered by investment analysts at CIBC from C$75.00 to C$70.00 in a research report issued on Thursday,BayStreet.CA reports. CIBC’s price target points to a potential upside of 33.41% from the company’s previous close.

A number of other research firms have also issued reports on AFN. Raymond James lowered Ag Growth International from an “outperform” rating to a “market perform” rating and dropped their target price for the company from C$72.00 to C$62.00 in a report on Friday, October 18th. Royal Bank of Canada cut their price objective on shares of Ag Growth International from C$80.00 to C$75.00 in a research report on Thursday. Finally, TD Securities lowered their target price on shares of Ag Growth International from C$79.00 to C$77.00 and set a “buy” rating on the stock in a report on Monday, August 12th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$74.56.

Ag Growth International Stock Performance

Shares of Ag Growth International stock traded down C$0.53 during trading on Thursday, reaching C$52.47. The company’s stock had a trading volume of 66,529 shares, compared to its average volume of 64,491. The firm has a market cap of C$1.00 billion, a PE ratio of 34.52, a P/E/G ratio of 1.30 and a beta of 2.29. The company has a 50-day moving average price of C$52.51 and a two-hundred day moving average price of C$52.64. The company has a current ratio of 1.49, a quick ratio of 0.84 and a debt-to-equity ratio of 298.35. Ag Growth International has a fifty-two week low of C$45.96 and a fifty-two week high of C$64.51.

Ag Growth International (TSE:AFN) last announced its earnings results on Wednesday, August 7th. The company reported C$1.42 earnings per share for the quarter, missing the consensus estimate of C$1.67 by C($0.25). The business had revenue of C$351.78 million for the quarter, compared to analyst estimates of C$397.51 million. Ag Growth International had a return on equity of 10.35% and a net margin of 2.13%. On average, analysts forecast that Ag Growth International will post 6.5761006 EPS for the current year.

About Ag Growth International

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.