Ag Growth International (TSE:AFN) Price Target Cut to C$75.00

Ag Growth International (TSE:AFN) had its price target dropped by analysts at CIBC from C$78.00 to C$75.00 in a research report issued on Wednesday, BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. CIBC’s target price would indicate a potential upside of 50.06% from the stock’s current price.

Separately, TD Securities dropped their price target on shares of Ag Growth International from C$79.00 to C$77.00 and set a “buy” rating for the company in a research note on Monday, August 12th. Eight investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of C$76.78.

Ag Growth International Stock Down 3.2 %

Shares of AFN opened at C$49.98 on Wednesday. The firm has a market capitalization of C$953.12 million, a price-to-earnings ratio of 32.88, a PEG ratio of 1.30 and a beta of 2.29. Ag Growth International has a 52 week low of C$45.96 and a 52 week high of C$64.51. The company has a debt-to-equity ratio of 298.35, a quick ratio of 0.84 and a current ratio of 1.49. The business’s fifty day moving average price is C$54.08 and its two-hundred day moving average price is C$53.90.

Ag Growth International (TSE:AFN) last posted its quarterly earnings results on Wednesday, August 7th. The company reported C$1.42 earnings per share (EPS) for the quarter, missing the consensus estimate of C$1.67 by C($0.25). The firm had revenue of C$351.78 million during the quarter, compared to the consensus estimate of C$397.51 million. Ag Growth International had a net margin of 2.13% and a return on equity of 10.35%. On average, analysts predict that Ag Growth International will post 6.5761006 earnings per share for the current year.

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.