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

Ag Growth International (TSE:AFN) had its price target cut by stock analysts at National Bankshares from C$67.00 to C$55.00 in a report issued on Thursday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. National Bankshares’ price objective would indicate a potential upside of 40.20% from the company’s previous close.

A number of other research firms also recently weighed in on AFN. TD Securities dropped their target price 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 Cap Markets downgraded shares of Ag Growth International from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 14th. ATB Capital cut shares of Ag Growth International from an “outperform” rating to a “sector perform” rating and lowered their price target for the stock from C$79.00 to C$63.00 in a research report on Tuesday, January 14th. Raymond James cut their price objective on shares of Ag Growth International from C$62.00 to C$52.00 in a report on Tuesday, January 14th. Finally, Royal Bank of Canada lowered shares of Ag Growth International from an “outperform” rating to a “sector perform” rating and lowered their target price for the stock from C$75.00 to C$45.00 in a report on Thursday. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of C$60.38.

Ag Growth International Stock Performance

Ag Growth International stock opened at C$39.23 on Thursday. Ag Growth International has a 12-month low of C$37.61 and a 12-month high of C$64.51. The stock has a 50-day simple moving average of C$48.29 and a 200 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. The stock has a market capitalization of C$748.12 million, a price-to-earnings ratio of 25.81, a P/E/G ratio of 1.30 and a beta of 2.29.

Ag Growth International (TSE:AFN) last announced its earnings results on Tuesday, November 5th. The company reported C$1.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 quarter last year, the business earned $1.62 EPS. On average, research analysts anticipate that Ag Growth International will post 6.5761006 earnings per share for the current fiscal 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.