Ag Growth International Inc. (TSE:AFN) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Ag Growth International Inc. (TSE:AFN) has earned a consensus rating of “Moderate Buy” from the eight research firms that are currently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is C$74.63.

Several analysts recently commented on AFN shares. CIBC raised their target price on Ag Growth International from C$70.00 to C$72.00 and gave the company an “outperform” rating in a research report on Thursday, December 12th. Raymond James lowered Ag Growth International from an “outperform” rating to a “market perform” rating and lowered their price target for the company from C$72.00 to C$62.00 in a report on Friday, October 18th. Finally, Royal Bank of Canada reduced their price objective on shares of Ag Growth International from C$80.00 to C$75.00 in a report on Thursday, November 7th.

Ag Growth International Stock Performance

Shares of AFN stock opened at C$50.88 on Friday. The company has a market cap of C$970.28 million, a P/E ratio of 33.47, a PEG ratio of 1.30 and a beta of 2.29. The business has a 50 day moving average of C$51.70 and a two-hundred day moving average of C$52.95. Ag Growth International has a 52 week low of C$45.96 and a 52 week high of C$64.51. The company has a quick ratio of 0.84, a current ratio of 1.49 and a debt-to-equity ratio of 298.35.

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.