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

Ag Growth International (TSE:AFN - Get Free Report) had its price target dropped by equities researchers at Desjardins from C$49.00 to C$46.00 in a report released on Tuesday,BayStreet.CA reports. The firm currently has a "buy" rating on the stock. Desjardins' price objective suggests a potential upside of 42.37% from the company's current price. Desjardins also issued estimates for Ag Growth International's Q1 2025 earnings at ($0.15) EPS, FY2025 earnings at $3.98 EPS and FY2026 earnings at $4.52 EPS.

Several other research firms also recently commented on AFN. Royal Bank of Canada dropped their price objective 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 report on Friday, March 7th. CIBC dropped their price target on shares of Ag Growth International from C$56.00 to C$48.00 and set an "outperform" rating on the stock in a research note on Friday, March 7th. Raymond James upgraded shares of Ag Growth International from a "market perform" rating to an "outperform" rating and reduced their price objective for the company from C$52.00 to C$47.00 in a research note on Friday, March 7th. ATB Capital lowered their target price on shares of Ag Growth International from C$57.00 to C$46.00 and set a "sector perform" rating on the stock in a report on Friday, March 7th. Finally, National Bankshares cut their price target on Ag Growth International from C$51.00 to C$49.00 and set an "outperform" rating for the company in a report on Wednesday, April 9th. Three 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, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of C$50.13.

Ag Growth International Stock Performance

TSE:AFN traded down C$0.14 during trading hours on Tuesday, reaching C$32.31. The stock had a trading volume of 30,575 shares, compared to its average volume of 116,045. Ag Growth International has a 12-month low of C$30.81 and a 12-month high of C$62.37. The company has a debt-to-equity ratio of 277.31, a quick ratio of 0.84 and a current ratio of 1.41. The stock has a 50 day simple moving average of C$34.99 and a 200 day simple moving average of C$44.03. The stock has a market cap of C$617.53 million, a P/E ratio of 25.80, a price-to-earnings-growth ratio of 1.30 and a beta of 2.29.

Insider Buying and Selling

In related news, Director Anne De Greef-Safft bought 2,000 shares of the company's stock in a transaction on Wednesday, March 12th. The stock was acquired at an average cost of C$36.99 per share, for a total transaction of C$73,985.00. Also, Senior Officer Paul David Householder purchased 4,000 shares of the business's stock in a transaction on Friday, March 7th. The stock was bought at an average cost of C$36.01 per share, with a total value of C$144,040.00. Insiders acquired a total of 12,000 shares of company stock worth $436,101 over the last ninety days. 1.06% of the stock is owned by corporate 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.