TD Securities Lowers Ag Growth International (TSE:AFN) Price Target to C$48.00

Ag Growth International (TSE:AFN) had its price target dropped by equities research analysts at TD Securities from C$57.00 to C$48.00 in a research note issued on Wednesday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. TD Securities’ target price points to a potential upside of 36.36% from the stock’s previous close.

A number of other equities research analysts have also recently weighed in on the company. Atb Cap Markets cut Ag Growth International from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 14th. ATB Capital cut Ag Growth International from an “outperform” rating to a “sector perform” rating and dropped their price target for the company from C$79.00 to C$63.00 in a research note on Tuesday, January 14th. CIBC dropped their price target on Ag Growth International from C$61.00 to C$58.00 in a research note on Thursday, January 30th. National Bankshares dropped their price target on Ag Growth International from C$67.00 to C$55.00 and set an “outperform” rating on the stock in a research note on Thursday, January 30th. Finally, Raymond James dropped their price target on Ag Growth International from C$62.00 to C$52.00 in a research note on Tuesday, January 14th. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of C$59.25.

Ag Growth International Stock Up 2.1 %

AFN opened at C$35.20 on Wednesday. Ag Growth International has a 1-year low of C$31.60 and a 1-year high of C$64.51. The stock’s fifty day simple moving average is C$41.04 and its 200 day simple moving average is C$48.67. The company has a current ratio of 1.41, a quick ratio of 0.84 and a debt-to-equity ratio of 277.31. The stock has a market cap of C$672.77 million, a PE ratio of 28.10, a price-to-earnings-growth ratio of 1.30 and a beta of 2.29.

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.