Ag Growth International (TSE:AFN) Price Target Cut to C$75.00

Ag Growth International (TSE:AFN - Get Free Report) had its target price dropped by investment analysts at CIBC from C$78.00 to C$75.00 in a research report issued on Wednesday, BayStreet.CA reports. The firm currently has an "outperform" rating on the stock. CIBC's target price indicates a potential upside of 45.21% from the company's current price.

Separately, TD Securities cut their target price on Ag Growth International from C$79.00 to C$77.00 and set a "buy" rating on the stock in a research report on Monday, August 12th. Eight investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average target price of C$76.78.

Ag Growth International Stock Down 3.8 %

Shares of TSE:AFN traded down C$2.05 during trading on Wednesday, hitting C$51.65. The company's stock had a trading volume of 88,177 shares, compared to its average volume of 58,800. The company has a market capitalization of C$984.97 million, a PE ratio of 33.98, a P/E/G ratio of 1.30 and a beta of 2.29. The company has a debt-to-equity ratio of 298.35, a quick ratio of 0.84 and a current ratio of 1.49. Ag Growth International has a fifty-two week low of C$45.96 and a fifty-two week high of C$64.51. The business has a 50 day moving average price of C$54.12 and a two-hundred day moving average price of C$53.92.

Ag Growth International (TSE:AFN - Get Free Report) last issued its quarterly earnings results on Wednesday, August 7th. The company reported C$1.42 earnings per share for the quarter, missing the consensus estimate of C$1.67 by C($0.25). The company had revenue of C$351.78 million for the quarter, compared to analysts' expectations of C$397.51 million. Ag Growth International had a return on equity of 10.35% and a net margin of 2.13%. As a group, research analysts expect that Ag Growth International will post 6.5761006 EPS for the current fiscal year.

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.