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

Ag Growth International (TSE:AFNGet Free Report) had its target price increased by equities researchers at TD Securities from C$48.00 to C$55.00 in a research report issued to clients and investors on Tuesday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. TD Securities’ target price points to a potential upside of 32.05% from the company’s current price.

A number of other equities analysts have also recently issued reports on AFN. ATB Capital boosted their price objective on Ag Growth International from C$43.00 to C$47.00 and gave the company a “sector perform” rating in a report on Thursday, June 19th. Desjardins raised shares of Ag Growth International to a “moderate buy” rating in a research note on Monday, June 9th. CIBC cut their price target on shares of Ag Growth International from C$52.00 to C$49.00 and set an “outperform” rating on the stock in a report on Wednesday, May 7th. Raymond James Financial upgraded shares of Ag Growth International from a “market perform” rating to an “outperform” rating and decreased their price objective for the company from C$52.00 to C$47.00 in a report on Friday, March 7th. Finally, Royal Bank Of Canada raised shares of Ag Growth International from a “sector perform” rating to an “outperform” rating and boosted their price objective for the company from C$40.00 to C$50.00 in a research report on Thursday, May 8th. Two 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 currently has a consensus rating of “Moderate Buy” and a consensus target price of C$49.43.

Read Our Latest Report on AFN

Ag Growth International Trading Up 1.0%

Shares of AFN traded up C$0.40 during mid-day trading on Tuesday, reaching C$41.65. 24,408 shares of the company’s stock traded hands, compared to its average volume of 105,271. The company has a debt-to-equity ratio of 277.31, a current ratio of 1.41 and a quick ratio of 0.84. The stock’s 50-day moving average is C$37.12 and its two-hundred day moving average is C$39.35. Ag Growth International has a 12 month low of C$30.81 and a 12 month high of C$58.14. The stock has a market cap of C$796.04 million, a P/E ratio of 33.25, a P/E/G ratio of 1.30 and a beta of 2.29.

Ag Growth International Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Ag Growth International (TSE:AFN)

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