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

Ag Growth International (TSE:AFN) had its target price reduced by investment analysts at TD Securities from C$73.00 to C$57.00 in a report released on Tuesday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. TD Securities’ target price suggests a potential upside of 43.29% from the stock’s current price.

Several other equities research analysts have also issued reports on the company. Raymond James reduced their price objective on Ag Growth International from C$62.00 to C$52.00 in a research note on Tuesday. CIBC dropped their target price on shares of Ag Growth International from C$72.00 to C$61.00 in a report on Tuesday. Finally, Royal Bank of Canada decreased their price target on shares of Ag Growth International from C$80.00 to C$75.00 in a report on Thursday, November 7th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$67.25.

Ag Growth International Trading Down 4.3 %

Shares of TSE AFN opened at C$39.78 on Tuesday. The company has a quick ratio of 0.84, a current ratio of 1.49 and a debt-to-equity ratio of 298.35. The stock’s 50 day moving average price is C$51.55 and its two-hundred day moving average price is C$52.70. Ag Growth International has a 52-week low of C$39.69 and a 52-week high of C$64.51. The stock has a market capitalization of C$758.60 million, a P/E ratio of 26.17, a PEG ratio of 1.30 and a beta of 2.29.

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.