Ag Growth International (TSE:AFN) Upgraded by Raymond James to Outperform Rating

Ag Growth International (TSE:AFN) was upgraded by equities research analysts at Raymond James from a “market perform” rating to an “outperform” rating in a research report issued on Friday,BayStreet.CA reports. The brokerage presently has a C$47.00 price objective on the stock, down from their prior price objective of C$52.00. Raymond James’ target price would indicate a potential upside of 30.41% from the company’s current price.

AFN has been the topic of a number of other reports. National Bankshares decreased their price objective on Ag Growth International from C$55.00 to C$51.00 and set an “outperform” rating on the stock in a report on Friday. Royal Bank of Canada lowered their price target on Ag Growth International from C$45.00 to C$40.00 and set a “sector perform” rating for the company in a report on Friday. CIBC reduced their price objective on shares of Ag Growth International from C$61.00 to C$58.00 in a report on Thursday, January 30th. ATB Capital lowered shares of Ag Growth International from an “outperform” rating to a “sector perform” rating and lowered their target price for the stock from C$79.00 to C$63.00 in a research note on Tuesday, January 14th. Finally, Atb Cap Markets downgraded shares of Ag Growth International from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 14th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$50.50.

Ag Growth International Trading Up 2.4 %

Ag Growth International stock traded up C$0.84 during midday trading on Friday, hitting C$36.04. 87,134 shares of the stock were exchanged, compared to its average volume of 114,837. The company has a current ratio of 1.41, a quick ratio of 0.84 and a debt-to-equity ratio of 277.31. The stock’s 50-day simple moving average is C$41.04 and its 200 day simple moving average is C$48.67. Ag Growth International has a fifty-two week low of C$31.60 and a fifty-two week high of C$64.43. The stock has a market capitalization of C$688.82 million, a price-to-earnings ratio of 28.77, a PEG ratio of 1.30 and a beta of 2.29.

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.