Desjardins Has Lowered Expectations for Ag Growth International (TSE:AFN) Stock Price

Ag Growth International (TSE:AFN) had its target price reduced by stock analysts at Desjardins from C$57.00 to C$49.00 in a report released on Friday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Desjardins’ target price would indicate a potential upside of 35.36% from the stock’s previous close. Desjardins also issued estimates for Ag Growth International’s FY2026 earnings at $4.43 EPS.

Other research analysts have also issued research reports about the stock. Royal Bank of Canada decreased their target price 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 research report on Friday. National Bankshares decreased their target price on shares of Ag Growth International from C$55.00 to C$51.00 and set an “outperform” rating on the stock in a research report on Friday. Atb Cap Markets lowered shares of Ag Growth International from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 14th. ATB Capital lowered shares of Ag Growth International from an “outperform” rating to a “sector perform” rating and decreased their target price for the stock from C$79.00 to C$63.00 in a research report on Tuesday, January 14th. Finally, CIBC decreased their target price on shares of Ag Growth International from C$61.00 to C$58.00 in a research report on Thursday, January 30th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of C$50.50.

Ag Growth International Stock Up 2.8 %

Shares of AFN opened at C$36.20 on Friday. Ag Growth International has a 52 week low of C$31.60 and a 52 week high of C$64.43. The firm has a market cap of C$691.88 million, a P/E ratio of 28.90, a price-to-earnings-growth ratio of 1.30 and a beta of 2.29. The firm’s 50-day simple moving average is C$40.41 and its 200 day simple moving average is C$48.40. The company has a debt-to-equity ratio of 277.31, a quick ratio of 0.84 and a current ratio of 1.41.

Insider Activity at Ag Growth International

In other Ag Growth International news, Senior Officer Paul David Householder purchased 4,000 shares of the company’s stock in a transaction dated Friday, March 7th. The stock was purchased at an average price of C$36.01 per share, with a total value of C$144,040.00. Also, Director Janet Giesselman purchased 6,000 shares of the company’s stock in a transaction dated Friday, March 7th. The shares were acquired at an average cost 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.