Ag Growth International (TSE:AFN) Given New C$48.00 Price Target at TD Securities

Ag Growth International (TSE:AFN) had its target price reduced by research analysts at TD Securities from C$57.00 to C$48.00 in a report released on Wednesday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. TD Securities’ target price would suggest a potential upside of 36.36% from the company’s previous close.

Several other research firms have also weighed in on AFN. Royal Bank of Canada lowered Ag Growth International from an “outperform” rating to a “sector perform” rating and reduced their price objective for the company from C$75.00 to C$45.00 in a research note on Thursday, January 30th. Atb Cap Markets lowered Ag Growth International from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 14th. ATB Capital lowered Ag Growth International from an “outperform” rating to a “sector perform” rating and reduced their price objective for the company from C$79.00 to C$63.00 in a research note on Tuesday, January 14th. CIBC reduced their price objective on Ag Growth International from C$61.00 to C$58.00 in a research note on Thursday, January 30th. Finally, Raymond James reduced their price objective on Ag Growth International from C$62.00 to C$52.00 in a research note on Tuesday, January 14th. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of C$59.25.

Ag Growth International Stock Performance

TSE:AFN opened at C$35.20 on Wednesday. The stock’s 50-day simple moving average is C$41.04 and its 200 day simple moving average is C$48.67. The firm has a market capitalization of C$672.77 million, a PE ratio of 28.10, a price-to-earnings-growth ratio of 1.30 and a beta of 2.29. The company has a quick ratio of 0.84, a current ratio of 1.41 and a debt-to-equity ratio of 277.31. Ag Growth International has a twelve month low of C$31.60 and a twelve month high of C$64.51.

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.