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

Ag Growth International (TSE:AFN) had its target price decreased by analysts at CIBC from C$61.00 to C$58.00 in a report released on Thursday,BayStreet.CA reports. CIBC’s price target suggests a potential upside of 47.85% from the stock’s current price.

Other equities analysts also recently issued reports about the stock. Atb Cap Markets downgraded shares of Ag Growth International from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 14th. TD Securities lowered their price target on Ag Growth International from C$73.00 to C$57.00 and set a “buy” rating for the company in a research report on Tuesday, January 14th. ATB Capital lowered Ag Growth International from an “outperform” rating to a “sector perform” rating and cut their price objective for the stock from C$79.00 to C$63.00 in a research report on Tuesday, January 14th. Raymond James decreased their target price on Ag Growth International from C$62.00 to C$52.00 in a report on Tuesday, January 14th. Finally, Royal Bank of Canada cut shares of Ag Growth International from a “moderate buy” rating to a “hold” rating in a report on Thursday, January 23rd. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of C$60.38.

Ag Growth International Stock Performance

TSE AFN opened at C$39.23 on Thursday. The firm has a market cap of C$748.12 million, a price-to-earnings ratio of 25.81, a PEG ratio of 1.30 and a beta of 2.29. The company has a 50-day simple moving average of C$48.29 and a two-hundred day simple moving average of C$51.55. 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 has a 12-month low of C$37.61 and a 12-month high of C$64.51.

Ag Growth International (TSE:AFN) last posted its quarterly earnings results on Tuesday, November 5th. The company reported C$1.26 earnings per share (EPS) for the quarter, missing the consensus estimate of C$1.66 by C($0.40). Ag Growth International had a return on equity of 10.35% and a net margin of 2.13%. During the same period in the prior year, the business earned $1.62 EPS. On average, equities analysts forecast that Ag Growth International will post 6.5761006 EPS for the current year.

About Ag Growth International

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.