Raymond James Financial Has Lowered Expectations for Ag Growth International (TSE:AFN) Stock Price

Ag Growth International (TSE:AFN) had its price objective decreased by investment analysts at Raymond James Financial from C$25.00 to C$20.00 in a report released on Friday, BayStreet reports. The firm currently has a “market perform” rating on the stock. Raymond James Financial‘s target price would indicate a potential upside of 122.47% from the company’s current price.

A number of other equities research analysts have also recently commented on AFN. Royal Bank Of Canada dropped their target price on Ag Growth International from C$30.00 to C$20.00 and set an “outperform” rating on the stock in a research report on Friday, July 31st. Desjardins reduced their price target on Ag Growth International from C$20.00 to C$16.00 and set a “buy” rating for the company in a report on Friday. TD Securities downgraded Ag Growth International from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 28th. ATB Cormark Capital Markets raised Ag Growth International from a “sector perform” rating to a “speculative buy” rating and raised their price objective for the company from C$11.00 to C$14.00 in a report on Friday. Finally, National Bank Financial cut their price objective on Ag Growth International from C$19.00 to C$11.00 and set a “sector perform” rating for the company in a research report on Thursday, October 15th. Four research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of C$19.78.

Ag Growth International Stock Performance

Shares of AFN traded down C$0.26 during trading hours on Friday, hitting C$8.99. The stock had a trading volume of 103,229 shares, compared to its average volume of 147,796. The firm has a 50-day moving average price of C$9.75 and a 200 day moving average price of C$18.38. Ag Growth International has a fifty-two week low of C$5.80 and a fifty-two week high of C$32.75. The firm has a market capitalization of C$169.73 million, a price-to-earnings ratio of -1.44, a PEG ratio of 1.30 and a beta of 1.73. The company has a debt-to-equity ratio of 541.43, a quick ratio of 0.84 and a current ratio of 1.30.

Ag Growth International (TSE:AFN) last released its quarterly earnings data on Wednesday, November 11th. The company reported C$0.16 earnings per share for the quarter. The company had revenue of C$340.50 million during the quarter. Ag Growth International had a negative net margin of 8.43% and a negative return on equity of 48.31%. As a group, research analysts anticipate that Ag Growth International will post 6.58 EPS for the current year.

About Ag Growth International

Ag Growth International Inc. is a leading manufacturer and supplier of equipment and solutions for the agriculture, fertilizer, feed, food and commercial sectors. With manufacturing facilities and operations on six continents, AGI provides complete systems and services that support producers and processors throughout the agricultural value chain.