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

Ag Growth International (TSE:AFN) had its price target lowered by equities researchers at TD Securities from C$57.00 to C$48.00 in a research report issued to clients and investors on Wednesday,BayStreet.CA reports. The firm presently has a “buy” rating on the stock. TD Securities’ price objective would suggest a potential upside of 41.68% from the company’s previous close.

AFN has been the subject of several other research reports. National Bankshares decreased their target price on Ag Growth International from C$67.00 to C$55.00 and set an “outperform” rating for the company in a research report on Thursday, January 30th. Atb Cap Markets lowered Ag Growth International from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 14th. ATB Capital lowered shares of Ag Growth International from an “outperform” rating to a “sector perform” rating and reduced their price objective for the company from C$79.00 to C$63.00 in a research note on Tuesday, January 14th. Royal Bank of Canada cut Ag Growth International from an “outperform” rating to a “sector perform” rating and cut their price target for the company from C$75.00 to C$45.00 in a report on Thursday, January 30th. Finally, CIBC decreased their target price on Ag Growth International from C$61.00 to C$58.00 in a research report on Thursday, January 30th. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of C$59.25.

Ag Growth International Price Performance

Shares of AFN traded down C$0.01 during trading hours on Wednesday, hitting C$33.88. 66,888 shares of the company were exchanged, compared to its average volume of 110,044. The firm has a fifty day simple moving average of C$41.39 and a 200-day simple moving average of C$48.77. The company has a market capitalization of C$647.54 million, a PE ratio of 27.05, a PEG ratio of 1.30 and a beta of 2.29. The company has a debt-to-equity ratio of 277.31, a current ratio of 1.41 and a quick ratio of 0.84. Ag Growth International has a one year low of C$33.50 and a one year high of C$64.51.

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.