Ag Growth International (TSE:AFN) Upgraded at Desjardins

Ag Growth International (TSE:AFN) was upgraded by analysts at Desjardins to a “moderate buy” rating in a research note issued on Monday,Zacks.com reports.

Other equities analysts also recently issued reports about the stock. CIBC decreased their price target on shares of Ag Growth International from C$52.00 to C$49.00 and set an “outperform” rating for the company in a research note on Wednesday, May 7th. Raymond James raised shares of Ag Growth International from a “market perform” rating to an “outperform” rating and decreased their price target for the stock from C$52.00 to C$47.00 in a research note on Friday, March 7th. TD Securities raised their target price on shares of Ag Growth International from C$46.00 to C$48.00 and gave the company a “buy” rating in a research note on Wednesday, May 7th. Royal Bank of Canada raised shares of Ag Growth International from a “sector perform” rating to an “outperform” rating and raised their target price for the company from C$40.00 to C$50.00 in a research note on Thursday, May 8th. Finally, National Bankshares raised their target price on shares of Ag Growth International from C$49.00 to C$51.00 and gave the company an “outperform” rating in a research note on Wednesday, May 7th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of C$47.86.

Ag Growth International Price Performance

AFN stock opened at C$39.50 on Monday. Ag Growth International has a 1 year low of C$30.81 and a 1 year high of C$58.14. The company has a market cap of C$754.95 million, a P/E ratio of 31.54, a PEG ratio of 1.30 and a beta of 2.29. The firm has a 50-day moving average of C$35.56 and a 200 day moving average of C$40.20. The company has a debt-to-equity ratio of 277.31, a current ratio of 1.41 and a quick ratio of 0.84.

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.