Ag Growth International (TSE:AFN) Price Target Raised to C$47.00 at ATB Capital

Ag Growth International (TSE:AFN - Get Free Report) had its target price increased by stock analysts at ATB Capital from C$43.00 to C$47.00 in a research note issued to investors on Thursday,BayStreet.CA reports. The brokerage currently has a "sector perform" rating on the stock. ATB Capital's price objective points to a potential upside of 14.63% from the stock's current price.

Several other research analysts have also commented on the stock. National Bankshares raised their price target on shares of Ag Growth International from C$49.00 to C$51.00 and gave the company an "outperform" rating in a report on Wednesday, May 7th. CIBC cut 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. Royal Bank Of Canada raised Ag Growth International from a "sector perform" rating to an "outperform" rating and boosted their price target for the stock from C$40.00 to C$50.00 in a research report on Thursday, May 8th. TD Securities upped their price target on Ag Growth International from C$46.00 to C$48.00 and gave the stock a "buy" rating in a research note on Wednesday, May 7th. Finally, Raymond James Financial raised Ag Growth International from a "market perform" rating to an "outperform" rating and cut their price objective for the company from C$52.00 to C$47.00 in a research note on Friday, March 7th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, Ag Growth International currently has a consensus rating of "Moderate Buy" and a consensus target price of C$48.43.

Ag Growth International Stock Down 0.1%

AFN traded down C$0.06 during trading on Thursday, reaching C$41.00. 6,563 shares of the stock traded hands, compared to its average volume of 107,167. The stock's 50-day simple moving average is C$36.57 and its two-hundred day simple moving average is C$39.81. 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 has a fifty-two week low of C$30.81 and a fifty-two week high of C$58.14. The stock has a market cap of C$783.62 million, a price-to-earnings ratio of 32.73, a price-to-earnings-growth ratio of 1.30 and a beta of 2.29.

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.

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