Brokerages Set Ag Growth International Inc. (TSE:AFN) Target Price at C$49.71

Key Points

• Ag Growth International Inc. has received a consensus recommendation of "Moderate Buy" from eight brokerages, with two analysts rating it a hold and six rating it a buy.
• The average one-year price target for Ag Growth International among ratings firms is C$49.71, with estimates from individual firms ranging from C$47.00 to C$55.00.
• The company's shares opened at C$42.75 and have a market capitalization of C$817.07 million, with a 52-week high of C$57.10 and a low of C$30.81.

Ag Growth International Inc. (TSE:AFN - Get Free Report) has been given a consensus rating of "Buy" by the eight brokerages that are currently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is C$50.71.

Several equities research analysts have weighed in on the stock. TD Securities lifted their price target on shares of Ag Growth International from C$55.00 to C$57.00 and gave the company a "buy" rating in a research note on Tuesday. CIBC decreased their price target on shares of Ag Growth International from C$52.00 to C$49.00 and set an "outperform" rating for the company in a research note on Wednesday, May 7th. Royal Bank Of Canada raised shares of Ag Growth International from a "sector perform" rating to an "outperform" rating and lifted their price target for the company from C$40.00 to C$50.00 in a research note on Thursday, May 8th. Atb Cap Markets upgraded shares of Ag Growth International from a "hold" rating to a "strong-buy" rating in a report on Tuesday. Finally, Raymond James Financial lifted their price objective on shares of Ag Growth International from C$47.00 to C$52.00 and gave the company an "outperform" rating in a report on Tuesday.

Ag Growth International Trading Down 0.2%

TSE AFN traded down C$0.09 during mid-day trading on Monday, reaching C$42.78. 53,862 shares of the stock were exchanged, compared to its average volume of 93,731. Ag Growth International has a one year low of C$30.81 and a one year high of C$57.10. The stock has a 50 day simple moving average of C$41.48 and a 200-day simple moving average of C$37.92. The stock has a market cap of C$817.64 million, a P/E ratio of 34.16, a P/E/G 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 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.