Ag Growth International Inc. (TSE:AFN) Given Consensus Recommendation of "Moderate Buy" by Analysts

Key Points

• Ag Growth International has a consensus analyst rating of Moderate Buy from eight analysts (five buys, three holds) with an average 12‑month price target of C$38.25, while individual targets cited in recent reports range roughly from C$30 to C$52.
• The stock trades around C$25.61 (1‑year range C$17.93–C$44.84) and has a market cap of C$481.7M, but shows weak profitability and high leverage with a negative P/E (-53.35), net margin of -0.66%, and a debt‑to‑equity ratio of 307.12.

Shares of Ag Growth International Inc. (TSE:AFN - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the eight analysts that are currently covering the firm, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is C$38.25.

Several equities research analysts have recently issued reports on the company. TD Securities set a C$41.00 price target on Ag Growth International and gave the company a "buy" rating in a report on Tuesday, January 13th. ATB Cormark Capital Markets set a C$36.00 price objective on Ag Growth International and gave the stock an "outperform" rating in a report on Monday, January 12th. Royal Bank Of Canada raised their price objective on shares of Ag Growth International from C$25.00 to C$30.00 and gave the company a "sector perform" rating in a research report on Tuesday, January 13th. Canadian Imperial Bank of Commerce cut shares of Ag Growth International from an "outperform" rating to a "hold" rating and reduced their target price for the company from C$58.00 to C$33.00 in a research note on Monday, November 17th. Finally, Raymond James Financial raised shares of Ag Growth International from a "hold" rating to a "moderate buy" rating and set a C$52.00 target price for the company in a research report on Friday, January 9th.

Ag Growth International Price Performance

Shares of TSE:AFN opened at C$25.61 on Tuesday. The company has a current ratio of 1.70, a quick ratio of 0.84 and a debt-to-equity ratio of 307.12. Ag Growth International has a 1 year low of C$17.93 and a 1 year high of C$44.84. The business has a fifty day simple moving average of C$28.30 and a 200 day simple moving average of C$29.92. The firm has a market cap of C$481.70 million, a price-to-earnings ratio of -53.35, a P/E/G ratio of 1.30 and a beta of 0.52.

Ag Growth International (TSE:AFN - Get Free Report) last issued its earnings results on Friday, January 9th. The company reported C$0.80 EPS for the quarter. Ag Growth International had a negative return on equity of 3.11% and a negative net margin of 0.66%.The firm had revenue of C$389.43 million for the quarter. As a group, sell-side analysts predict that Ag Growth International will post 6.5761006 earnings per share for the current fiscal year.

About Ag Growth International

Ag Growth International Inc manufactures portable and stationary grain handling, storage, and conditioning equipment, including augers, belt conveyors, grain storage bins, grain handling accessories, grain aeration equipment, and grain drying systems. The company operates mainly in Portable handling, permanent handling, storage and conditioning, livestock, and manufacturing sectors. Some of its brands are batco, wheatheart, westfield, storm, rem, hi roller, union iron, hsi, tramco, ptm, vis, nuvision, twister, grain guard, airlanco, westeel, frame, and entringer.

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