Brokerages Set Ag Growth International Inc. (TSE:AFN) Price Target at C$50.71

Key Points

• Ag Growth International Inc. (TSE:AFN) has an average consensus rating of "Buy" from eight brokerages, with one strong buy, six buy, and one hold recommendation.
• The average 1-year price target set by analysts for Ag Growth International is C$50.71, indicating potential growth from its current trading price.
• As of the latest report, Ag Growth International's stock is trading down 2.1% at C$42.41, with a market cap of C$810.57 million and a price-to-earnings ratio of 33.86.

Ag Growth International Inc. (TSE:AFN - Get Free Report) has been given a consensus rating of "Buy" by the eight ratings firms that are currently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The average 12 month price target among analysts that have covered the stock in the last year is C$50.71.

Several research analysts have commented on AFN shares. Desjardins raised their price objective on Ag Growth International from C$47.00 to C$49.00 and gave the company a "buy" rating in a research report on Friday, August 1st. Royal Bank Of Canada upgraded Ag Growth International from a "sector perform" rating to an "outperform" rating and raised their target price for the company from C$40.00 to C$50.00 in a report on Thursday, May 8th. CIBC dropped their target price on Ag Growth International from C$52.00 to C$49.00 and set an "outperform" rating on the stock in a report on Wednesday, May 7th. Raymond James Financial raised their target price on Ag Growth International from C$47.00 to C$52.00 and gave the company an "outperform" rating in a report on Tuesday, August 5th. Finally, Atb Cap Markets upgraded Ag Growth International from a "hold" rating to a "strong-buy" rating in a report on Tuesday, August 5th.

Ag Growth International Trading Down 0.7%

AFN traded down C$0.30 during trading on Friday, hitting C$42.11. 38,051 shares of the company's stock were exchanged, compared to its average volume of 89,884. Ag Growth International has a 1 year low of C$30.81 and a 1 year high of C$56.30. The stock has a 50 day moving average price of C$42.26 and a 200 day moving average price of C$38.26. The firm has a market cap of C$791.67 million, a P/E ratio of -116.97, a price-to-earnings-growth ratio of 1.30 and a beta of 1.37. The company has a current ratio of 1.41, a quick ratio of 0.84 and a debt-to-equity ratio of 277.31.

About Ag Growth International

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.