National Bankshares Issues Pessimistic Forecast for Ag Growth International (TSE:AFN) Stock Price

Ag Growth International (TSE:AFN - Get Free Report) had its price target reduced by equities researchers at National Bankshares from C$55.00 to C$51.00 in a note issued to investors on Friday,BayStreet.CA reports. The firm presently has an "outperform" rating on the stock. National Bankshares' price objective indicates a potential upside of 38.62% from the stock's previous close.

A number of other research analysts have also issued reports on AFN. ATB Capital lowered shares of Ag Growth International from an "outperform" rating to a "sector perform" rating and decreased their target price for the stock from C$79.00 to C$63.00 in a research report on Tuesday, January 14th. Royal Bank of Canada lowered shares of Ag Growth International from an "outperform" rating to a "sector perform" rating and decreased their target price for the stock from C$75.00 to C$45.00 in a research report on Thursday, January 30th. TD Securities reduced their price target on shares of Ag Growth International from C$57.00 to C$48.00 and set a "buy" rating on the stock in a research report on Wednesday, March 5th. Atb Cap Markets lowered shares of Ag Growth International from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, January 14th. Finally, CIBC reduced their price target on shares of Ag Growth International from C$61.00 to C$58.00 in a research report on Thursday, January 30th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of C$50.25.

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Ag Growth International Stock Performance

Shares of TSE:AFN traded up C$0.16 on Friday, reaching C$36.79. 134,163 shares of the company's stock were exchanged, compared to its average volume of 117,222. The company has a fifty day moving average of C$39.85 and a 200-day moving average of C$48.09. Ag Growth International has a twelve month low of C$31.60 and a twelve month high of C$64.43. The company has a market capitalization of C$703.16 million, a price-to-earnings ratio of 29.37, a PEG ratio of 1.30 and a beta of 2.29. The company has a current ratio of 1.41, a quick ratio of 0.84 and a debt-to-equity ratio of 277.31.

Insider Activity at Ag Growth International

In other Ag Growth International news, Senior Officer Paul David Householder purchased 4,000 shares of the company's stock in a transaction dated Friday, March 7th. The stock was purchased at an average price of C$36.01 per share, with a total value of C$144,040.00. Also, Director Janet Giesselman purchased 6,000 shares of the company's stock in a transaction dated Friday, March 7th. The shares were acquired at an average cost of C$36.35 per share, with a total value of C$218,076.00. 1.06% of the stock is owned by insiders.

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.