Ag Growth International (TSE:AFN) Rating Lowered to “Sector Perform” at Royal Bank of Canada

Ag Growth International (TSE:AFN) was downgraded by analysts at Royal Bank of Canada from an “outperform” rating to a “sector perform” rating in a report issued on Thursday,BayStreet.CA reports. They presently have a C$45.00 target price on the stock, down from their prior target price of C$75.00. Royal Bank of Canada’s target price would indicate a potential upside of 14.71% from the company’s previous close.

Several other research analysts have also commented on AFN. CIBC lowered their price objective on shares of Ag Growth International from C$61.00 to C$58.00 in a research note on Thursday. TD Securities decreased their price target on shares of 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. Raymond James cut their price objective on Ag Growth International from C$62.00 to C$52.00 in a research report on Tuesday, January 14th. ATB Capital lowered Ag Growth International from an “outperform” rating to a “sector perform” rating and decreased their target price for the company from C$79.00 to C$63.00 in a report on Tuesday, January 14th. Finally, Atb Cap Markets downgraded Ag Growth International from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 14th. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$60.38.

Ag Growth International Price Performance

Shares of AFN stock opened at C$39.23 on Thursday. The company has a debt-to-equity ratio of 298.35, a current ratio of 1.49 and a quick ratio of 0.84. The company has a market capitalization of C$748.12 million, a PE ratio of 25.81, a price-to-earnings-growth ratio of 1.30 and a beta of 2.29. The firm’s 50-day moving average is C$48.29 and its two-hundred day moving average is C$51.55. 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 issued its quarterly earnings data 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 net margin of 2.13% and a return on equity of 10.35%. During the same quarter in the previous year, the business earned $1.62 earnings per share. Analysts predict that Ag Growth International will post 6.5761006 earnings per share for the current year.

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.