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

Ag Growth International (TSE:AFN) had its price objective decreased by research analysts at Raymond James from C$62.00 to C$52.00 in a note issued to investors on Tuesday,BayStreet.CA reports. Raymond James’ price objective would suggest a potential upside of 30.72% from the stock’s current price.

AFN has been the subject of several other reports. CIBC lifted their price objective on shares of Ag Growth International from C$70.00 to C$72.00 and gave the stock an “outperform” rating in a research note on Thursday, December 12th. Royal Bank of Canada decreased their price target on Ag Growth International from C$80.00 to C$75.00 in a research note on Thursday, November 7th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of C$67.25.

Ag Growth International Trading Down 4.3 %

Shares of AFN stock opened at C$39.78 on Tuesday. The company has a market cap of C$758.60 million, a PE ratio of 26.17, a price-to-earnings-growth ratio of 1.30 and a beta of 2.29. Ag Growth International has a 1 year low of C$39.69 and a 1 year high of C$64.51. The stock’s 50 day simple moving average is C$51.55 and its two-hundred day simple moving average is C$52.70. The company has a debt-to-equity ratio of 298.35, a current ratio of 1.49 and a quick ratio of 0.84.

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.