Ag Growth International (TSE:AFN) Stock Price Expected to Rise, CIBC Analyst Says

Ag Growth International (TSE:AFN) had its target price raised by investment analysts at CIBC from C$48.00 to C$52.00 in a report released on Thursday,BayStreet.CA reports. CIBC’s target price points to a potential upside of 61.24% from the stock’s current price.

Several other equities research analysts have also recently commented on the stock. ATB Capital cut their price target on shares of Ag Growth International from C$57.00 to C$46.00 and set a “sector perform” rating on the stock in a research report on Friday, March 7th. Royal Bank of Canada reduced their target price 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, March 7th. National Bankshares decreased their target price on shares of Ag Growth International from C$51.00 to C$49.00 and set an “outperform” rating on the stock in a report on Wednesday, April 9th. Atb Cap Markets downgraded Ag Growth International from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 14th. Finally, Desjardins dropped their price target on Ag Growth International from C$49.00 to C$46.00 and set a “buy” rating for the company in a research report on Tuesday. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$50.13.

Ag Growth International Stock Down 0.6 %

Shares of TSE:AFN traded down C$0.20 during trading on Thursday, reaching C$32.25. 16,143 shares of the company traded hands, compared to its average volume of 115,848. The firm has a fifty day simple moving average of C$35.22 and a 200 day simple moving average of C$44.34. The firm has a market cap of C$616.39 million, a P/E ratio of 25.75, a price-to-earnings-growth ratio of 1.30 and a beta of 2.29. Ag Growth International has a 1-year low of C$30.81 and a 1-year high of C$62.37. The company has a quick ratio of 0.84, a current ratio of 1.41 and a debt-to-equity ratio of 277.31.

Insider Buying and Selling

In other Ag Growth International news, Senior Officer Paul David Householder acquired 4,000 shares of the firm’s stock in a transaction on Friday, March 7th. The stock was acquired at an average cost of C$36.01 per share, for a total transaction of C$144,040.00. Also, Director Janet Giesselman bought 6,000 shares of the firm’s stock in a transaction that occurred on Friday, March 7th. The stock was purchased at an average price of C$36.35 per share, with a total value of C$218,076.00. Insiders acquired a total of 12,000 shares of company stock valued at $436,101 over the last three months. 1.06% of the stock is owned by company insiders.

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.