TD Securities Cuts Ag Growth International (TSE:AFN) Price Target to C$57.00

Ag Growth International (TSE:AFN) had its price target cut by TD Securities from C$73.00 to C$57.00 in a report released on Tuesday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. TD Securities’ target price suggests a potential upside of 37.35% from the company’s current price.

Several other analysts have also issued reports on the company. Raymond James cut their target price on Ag Growth International from C$62.00 to C$52.00 in a research note on Tuesday. CIBC decreased their target price on shares of Ag Growth International from C$72.00 to C$61.00 in a research report on Tuesday. Finally, Royal Bank of Canada reduced their price objective on Ag Growth International from C$80.00 to C$75.00 in a research note on Thursday, November 7th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$67.25.

Ag Growth International Price Performance

Shares of TSE:AFN traded up C$0.21 during trading on Tuesday, reaching C$41.50. The company had a trading volume of 105,137 shares, compared to its average volume of 128,113. Ag Growth International has a 12 month low of C$39.80 and a 12 month high of C$64.51. The company has a current ratio of 1.49, a quick ratio of 0.84 and a debt-to-equity ratio of 298.35. The stock has a market capitalization of C$791.41 million, a P/E ratio of 27.30, a price-to-earnings-growth ratio of 1.30 and a beta of 2.29. The company has a fifty day moving average of C$51.72 and a two-hundred day moving average of C$52.78.

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.