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

Ag Growth International (TSE:AFN) had its price objective lowered by ATB Capital from C$57.00 to C$46.00 in a research note issued to investors on Friday,BayStreet.CA reports. The brokerage presently has a “sector perform” rating on the stock. ATB Capital’s price target indicates a potential upside of 27.07% from the stock’s current price.

Several other equities analysts have also weighed in on the company. TD Securities cut their target price on Ag Growth International from C$57.00 to C$48.00 and set a “buy” rating on the stock in a report on Wednesday. National Bankshares decreased their price objective on Ag Growth International from C$55.00 to C$51.00 and set an “outperform” rating on the stock in a report on Friday. Atb Cap Markets downgraded Ag Growth International from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 14th. Royal Bank of Canada reduced their price objective on Ag Growth International from C$45.00 to C$40.00 and set a “sector perform” rating on the stock in a report on Friday. Finally, Desjardins reduced their price objective on Ag Growth International from C$57.00 to C$49.00 and set a “buy” rating on the stock in a report on Friday. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$50.50.

Ag Growth International Price Performance

AFN opened at C$36.20 on Friday. The stock has a market cap of C$691.88 million, a price-to-earnings ratio of 28.90, a PEG ratio of 1.30 and a beta of 2.29. Ag Growth International has a 1 year low of C$31.60 and a 1 year high of C$64.43. 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 fifty day moving average price of C$40.41 and a 200 day moving average price of C$48.40.

Insiders Place Their Bets

In other news, Senior Officer Paul David Householder purchased 4,000 shares of the company’s stock in a transaction on Friday, March 7th. The shares were purchased at an average price of C$36.01 per share, with a total value of C$144,040.00. Also, Director Janet Giesselman purchased 6,000 shares of the company’s stock in a transaction on Friday, March 7th. The stock was purchased at an average cost of C$36.35 per share, for a total transaction of C$218,076.00. Corporate insiders own 1.06% of the company’s stock.

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.