Ag Growth International (TSE:AFN) Given a C$36.00 Price Target at ATB Cormark Capital Markets

Key Points

• ATB Cormark set a C$36.00 price target and an "outperform" rating on Ag Growth International, implying a potential upside of 115.31% from the stock's current level.
• The stock plunged to C$16.72 on heavy volume; analysts' consensus remains a "Hold" with an average target of C$33.63, and the company recently reported a loss of C($2.62) EPS and very high leverage (debt/equity ~307%).

Ag Growth International (TSE:AFN - Get Free Report) received a C$36.00 price target from investment analysts at ATB Cormark Capital Markets in a research note issued to investors on Wednesday,BayStreet.CA reports. The brokerage presently has an "outperform" rating on the stock. ATB Cormark Capital Markets' price objective points to a potential upside of 115.31% from the company's current price.

Several other equities analysts have also recently issued reports on AFN. Desjardins decreased their target price on shares of Ag Growth International from C$47.00 to C$40.00 and set a "buy" rating for the company in a research note on Monday, January 12th. National Bank Financial lowered shares of Ag Growth International from an "outperform" rating to a "sector perform" rating and dropped their price target for the company from C$39.00 to C$24.00 in a research report on Wednesday. TD Securities set a C$41.00 price objective on shares of Ag Growth International and gave the company a "buy" rating in a report on Tuesday, January 13th. Raymond James Financial upgraded shares of Ag Growth International from a "hold" rating to a "moderate buy" rating and set a C$52.00 price objective for the company in a research report on Friday, January 9th. Finally, Cormark set a C$35.00 target price on shares of Ag Growth International and gave the stock a "hold" rating in a research note on Monday, January 12th. Three equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of C$33.63.

Ag Growth International Stock Performance

Ag Growth International stock traded down C$8.44 during midday trading on Wednesday, hitting C$16.72. 896,805 shares of the company were exchanged, compared to its average volume of 137,687. The business has a fifty day simple moving average of C$28.20 and a two-hundred day simple moving average of C$29.24. The company has a debt-to-equity ratio of 307.12, a quick ratio of 0.84 and a current ratio of 1.70. The firm has a market capitalization of C$314.49 million, a PE ratio of -34.83, a price-to-earnings-growth ratio of 1.30 and a beta of 0.52. Ag Growth International has a fifty-two week low of C$13.60 and a fifty-two week high of C$44.84.

Ag Growth International (TSE:AFN - Get Free Report) last announced its quarterly earnings results on Wednesday, March 25th. The company reported C($2.62) earnings per share (EPS) for the quarter. Ag Growth International had a negative net margin of 0.66% and a negative return on equity of 3.11%. The company had revenue of C$395.77 million during the quarter. On average, sell-side analysts forecast that Ag Growth International will post 6.5761006 earnings per share for the current year.

Ag Growth International Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.