Ag Growth International (TSE:AFN) Given New C$75.00 Price Target at Royal Bank of Canada

Ag Growth International (TSE:AFN) had its target price reduced by Royal Bank of Canada from C$80.00 to C$75.00 in a research note issued on Thursday,BayStreet.CA reports. Royal Bank of Canada’s price objective points to a potential upside of 42.45% from the company’s previous close.

A number of other equities analysts have also recently weighed in on the company. TD Securities cut their price target on Ag Growth International from C$79.00 to C$77.00 and set a “buy” rating for the company in a report on Monday, August 12th. CIBC cut their target price on shares of Ag Growth International from C$78.00 to C$75.00 and set an “outperform” rating for the company in a research note on Wednesday, October 16th. Finally, Raymond James cut shares of Ag Growth International from an “outperform” rating to a “market perform” rating and decreased their price target for the stock from C$72.00 to C$62.00 in a research note on Friday, October 18th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, Ag Growth International has a consensus rating of “Moderate Buy” and a consensus target price of C$74.56.

Ag Growth International Stock Up 0.0 %

Shares of TSE AFN opened at C$52.65 on Thursday. The firm’s 50-day moving average is C$52.40 and its two-hundred day moving average is C$52.58. The company has a market capitalization of C$1.00 billion, a PE ratio of 34.64, a price-to-earnings-growth ratio of 1.30 and a beta of 2.29. Ag Growth International has a 12-month low of C$45.96 and a 12-month high of C$64.51. The company has a debt-to-equity ratio of 298.35, a current ratio of 1.49 and a quick ratio of 0.84.

Ag Growth International (TSE:AFN) last issued its quarterly earnings data 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 company had revenue of C$351.78 million for the quarter, compared to analyst estimates of C$397.51 million. Ag Growth International had a return on equity of 10.35% and a net margin of 2.13%. Equities analysts anticipate that Ag Growth International will post 6.5761006 EPS for the current fiscal 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.