Ag Growth International (TSE:AFN) Lowered to "Sector Perform" Rating by ATB Capital

Ag Growth International (TSE:AFN - Get Free Report) was downgraded by investment analysts at ATB Capital from an "outperform" rating to a "sector perform" rating in a research note issued to investors on Tuesday,BayStreet.CA reports. They currently have a C$63.00 price target on the stock, down from their prior price target of C$79.00. ATB Capital's price target suggests a potential upside of 51.59% from the company's current price.

AFN has been the topic of a number of other research reports. TD Securities reduced their price objective on Ag Growth International from C$73.00 to C$57.00 and set a "buy" rating on the stock in a research report on Tuesday. Royal Bank of Canada reduced their price target on Ag Growth International from C$80.00 to C$75.00 in a report on Thursday, November 7th. CIBC dropped their price objective on shares of Ag Growth International from C$72.00 to C$61.00 in a report on Tuesday. Finally, Raymond James reduced their target price on shares of Ag Growth International from C$62.00 to C$52.00 in a report on Tuesday. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, Ag Growth International presently has an average rating of "Moderate Buy" and an average price target of C$67.25.

Ag Growth International Price Performance

Shares of AFN stock traded up C$0.27 during trading hours on Tuesday, reaching C$41.56. The company's stock had a trading volume of 173,671 shares, compared to its average volume of 136,547. Ag Growth International has a fifty-two week low of C$39.80 and a fifty-two week high of C$64.51. The firm's 50 day simple moving average is C$51.72 and its 200-day simple moving average is C$52.78. The company has a quick ratio of 0.84, a current ratio of 1.49 and a debt-to-equity ratio of 298.35. The company has a market capitalization of C$792.55 million, a price-to-earnings ratio of 27.34, a PEG ratio of 1.30 and a beta of 2.29.

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.