Ag Growth International (TSE:AFN) Price Target Lowered to C$48.00 at TD Securities

Ag Growth International (TSE:AFN - Get Free Report) had its target price lowered by equities researchers at TD Securities from C$57.00 to C$48.00 in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. The brokerage presently has a "buy" rating on the stock. TD Securities' price objective suggests a potential upside of 32.60% from the company's current price.

AFN has been the subject of several other reports. ATB Capital lowered shares of Ag Growth International from an "outperform" rating to a "sector perform" rating and dropped their price objective for the stock from C$79.00 to C$63.00 in a research note on Tuesday, January 14th. Royal Bank of Canada lowered shares of Ag Growth International from an "outperform" rating to a "sector perform" rating and lowered their target price for the company from C$75.00 to C$45.00 in a research note on Thursday, January 30th. Raymond James lowered their target price on shares of Ag Growth International from C$62.00 to C$52.00 in a research note on Tuesday, January 14th. National Bankshares lowered their target price on shares of Ag Growth International from C$67.00 to C$55.00 and set an "outperform" rating for the company in a research note on Thursday, January 30th. Finally, CIBC lowered their target price on shares of Ag Growth International from C$61.00 to C$58.00 in a research note on Thursday, January 30th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, Ag Growth International currently has a consensus rating of "Moderate Buy" and an average price target of C$50.50.

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Ag Growth International Trading Up 2.8 %

TSE AFN traded up C$1.00 on Wednesday, hitting C$36.20. 147,330 shares of the stock were exchanged, compared to its average volume of 116,243. 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 fifty day moving average price of C$40.41 and a two-hundred day moving average price of C$48.35. The firm has a market capitalization of C$691.88 million, a P/E ratio of 28.90, a P/E/G ratio of 1.30 and a beta of 2.29. Ag Growth International has a 52-week low of C$31.60 and a 52-week high of C$64.43.

Insider Buying and Selling

In other news, Senior Officer Paul David Householder bought 4,000 shares of Ag Growth International stock in a transaction on Friday, March 7th. The stock was 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 Ag Growth International stock in a transaction on Friday, March 7th. The stock was purchased at an average price 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.