TD Securities Cuts Ag Growth International (TSE:AFN) Price Target to C$46.00

Ag Growth International (TSE:AFN) had its price target dropped by investment analysts at TD Securities from C$48.00 to C$46.00 in a report released on Tuesday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. TD Securities’ target price would suggest a potential upside of 25.75% from the stock’s previous close.

AFN has been the subject of several other reports. ATB Capital lowered their target price on Ag Growth International from C$57.00 to C$46.00 and set a “sector perform” rating for the company in a report on Friday, March 7th. Atb Cap Markets cut Ag Growth International from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 14th. Desjardins lowered their target price on Ag Growth International from C$57.00 to C$49.00 and set a “buy” rating for the company in a report on Friday, March 7th. CIBC lowered their target price on Ag Growth International from C$56.00 to C$48.00 and set an “outperform” rating for the company in a report on Friday, March 7th. Finally, National Bankshares lowered their target price on Ag Growth International from C$55.00 to C$51.00 and set an “outperform” rating for the company in a report on Friday, March 7th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$50.25.

Ag Growth International Price Performance

AFN opened at C$36.58 on Tuesday. The business has a fifty day moving average of C$39.56 and a 200 day moving average of C$48.01. Ag Growth International has a 52-week low of C$31.60 and a 52-week high of C$64.31. The company has a quick ratio of 0.84, a current ratio of 1.41 and a debt-to-equity ratio of 277.31. The stock has a market cap of C$699.14 million, a P/E ratio of 29.21, a PEG ratio of 1.30 and a beta of 2.29.

Insider Activity at Ag Growth International

In other news, Director Janet Giesselman purchased 6,000 shares of the company’s stock in a transaction on Friday, March 7th. The shares were acquired at an average price of C$36.35 per share, for a total transaction of C$218,076.00. Also, Senior Officer Paul David Householder purchased 4,000 shares of the company’s stock in a transaction on Friday, March 7th. The shares were purchased at an average price of C$36.01 per share, for a total transaction of C$144,040.00. Insiders have acquired 12,000 shares of company stock valued at $436,101 in the last ninety days. Corporate insiders own 1.06% of the company’s stock.

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.