National Bankshares Has Lowered Expectations for Ag Growth International (TSE:AFN) Stock Price

Ag Growth International (TSE:AFN) had its price objective decreased by equities research analysts at National Bankshares from C$67.00 to C$55.00 in a note issued to investors on Thursday,BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. National Bankshares’ target price would indicate a potential upside of 40.20% from the stock’s previous close.

Several other equities research analysts have also issued reports on the stock. ATB Capital lowered shares of Ag Growth International from an “outperform” rating to a “sector perform” rating and lowered their price target for the company from C$79.00 to C$63.00 in a research note on Tuesday, January 14th. Atb Cap Markets downgraded Ag Growth International from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 14th. Royal Bank of Canada cut Ag Growth International from an “outperform” rating to a “sector perform” rating and reduced their price target for the company from C$75.00 to C$45.00 in a research report on Thursday. Raymond James decreased their price target on Ag Growth International from C$62.00 to C$52.00 in a research note on Tuesday, January 14th. Finally, CIBC dropped their price objective on Ag Growth International from C$61.00 to C$58.00 in a research note on Thursday. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, Ag Growth International currently has a consensus rating of “Moderate Buy” and an average price target of C$60.38.

Ag Growth International Stock Down 0.8 %

AFN stock opened at C$39.23 on Thursday. The business has a 50-day moving average of C$48.29 and a 200-day moving average of C$51.55. Ag Growth International has a fifty-two week low of C$37.61 and a fifty-two week high of C$64.51. The stock has a market capitalization of C$748.12 million, a P/E ratio of 25.81, a P/E/G ratio of 1.30 and a beta of 2.29. 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 results on Tuesday, November 5th. The company reported C$1.26 earnings per share for the quarter, missing the consensus estimate of C$1.66 by C($0.40). Ag Growth International had a return on equity of 10.35% and a net margin of 2.13%. During the same quarter in the prior year, the firm earned $1.62 EPS. On average, sell-side analysts anticipate that Ag Growth International will post 6.5761006 earnings per share for the current fiscal year.

About Ag Growth International

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.