CIBC Lowers Ag Growth International (TSE:AFN) Price Target to C$58.00

Ag Growth International (TSE:AFN - Get Free Report) had its price objective decreased by CIBC from C$61.00 to C$58.00 in a research report issued to clients and investors on Thursday,BayStreet.CA reports. CIBC's target price suggests a potential upside of 54.30% from the company's current price.

Other analysts have also recently issued reports about the stock. Raymond James lowered their price target on shares of Ag Growth International from C$62.00 to C$52.00 in a report on Tuesday, January 14th. Atb Cap Markets cut shares of Ag Growth International from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, January 14th. ATB Capital downgraded shares of Ag Growth International from an "outperform" rating to a "sector perform" rating and dropped 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 cut shares of Ag Growth International from a "moderate buy" rating to a "hold" rating in a report on Thursday, January 23rd. Finally, TD Securities dropped their price objective on shares of Ag Growth International from C$73.00 to C$57.00 and set a "buy" rating on the stock in a report on Tuesday, January 14th. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, Ag Growth International currently has a consensus rating of "Moderate Buy" and a consensus price target of C$60.38.

Ag Growth International Trading Down 4.2 %

Shares of AFN stock traded down C$1.64 on Thursday, reaching C$37.59. 303,695 shares of the company's stock were exchanged, compared to its average volume of 118,684. The company has a current ratio of 1.49, a quick ratio of 0.84 and a debt-to-equity ratio of 298.35. The company's fifty day simple moving average is C$48.29 and its 200 day simple moving average is C$51.50. Ag Growth International has a 52 week low of C$36.23 and a 52 week high of C$64.51. The stock has a market capitalization of C$716.84 million, a PE ratio of 24.73, a P/E/G ratio of 1.30 and a beta of 2.29.

Ag Growth International (TSE:AFN - Get Free Report) last released its quarterly earnings data 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 net margin of 2.13% and a return on equity of 10.35%. During the same period in the prior year, the company earned $1.62 earnings per share. As a group, analysts forecast that Ag Growth International will post 6.5761006 EPS for the current 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.