Ag Growth International (TSE:AFN) Upgraded by Raymond James to "Outperform" Rating

Ag Growth International (TSE:AFN - Get Free Report) was upgraded by equities researchers at Raymond James from a "market perform" rating to an "outperform" rating in a note issued to investors on Friday, MarketBeat reports. The brokerage currently has a C$47.00 price objective on the stock, down from their prior price objective of C$52.00. Raymond James' price objective points to a potential upside of 27.75% from the stock's current price.

Other analysts have also issued research reports about the stock. 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. National Bankshares lowered their price objective on shares of Ag Growth International from C$55.00 to C$51.00 and set an "outperform" rating on the stock in a research report on Friday. ATB Capital cut shares of Ag Growth International from an "outperform" rating to a "sector perform" rating and dropped their price target for the company from C$79.00 to C$63.00 in a research note on Tuesday, January 14th. Royal Bank of Canada dropped their price target on shares of Ag Growth International from C$45.00 to C$40.00 and set a "sector perform" rating on the stock in a research note on Friday. Finally, CIBC dropped their price target on shares of Ag Growth International from C$61.00 to C$58.00 in a research note on Thursday, January 30th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of C$50.25.

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Ag Growth International Stock Performance

AFN stock traded up C$0.16 during mid-day trading on Friday, hitting C$36.79. The company had a trading volume of 134,163 shares, compared to its average volume of 117,222. The firm has a market cap of C$703.16 million, a PE ratio of 29.37, a price-to-earnings-growth ratio of 1.30 and a beta of 2.29. The company has a debt-to-equity ratio of 277.31, a quick ratio of 0.84 and a current ratio of 1.41. Ag Growth International has a 12 month low of C$31.60 and a 12 month high of C$64.43. The stock's fifty day moving average price is C$39.85 and its two-hundred day moving average price is C$48.09.

Insiders Place Their Bets

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

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.