Ag Growth International (TSE:AFN) Given New C$49.00 Price Target at Desjardins

Key Points

• Ag Growth International's target price was raised by Desjardins from C$47.00 to C$49.00, indicating a potential upside of 13.19% from its current price.
• Several other firms, including National Bankshares and TD Securities, have also increased their price targets, with TD raising it to C$55.00 and maintaining a "buy" rating.
• The stock recently traded up 3.5%, reaching C$43.29, with a market capitalization of approximately C$827.39 million.

Ag Growth International (TSE:AFN - Get Free Report) had its price target raised by equities research analysts at Desjardins from C$47.00 to C$49.00 in a research note issued on Friday,BayStreet.CA reports. The brokerage currently has a "buy" rating on the stock. Desjardins' target price points to a potential upside of 18.59% from the stock's current price. Desjardins also issued estimates for Ag Growth International's FY2025 earnings at $3.10 EPS and FY2027 earnings at $5.68 EPS.

Several other research analysts have also recently issued reports on AFN. National Bankshares lifted their target price on shares of Ag Growth International from C$49.00 to C$51.00 and gave the stock an "outperform" rating in a report on Wednesday, May 7th. Royal Bank Of Canada upgraded shares of Ag Growth International from a "sector perform" rating to an "outperform" rating and boosted their target price for the company from C$40.00 to C$50.00 in a research report on Thursday, May 8th. TD Securities boosted their target price on shares of Ag Growth International from C$48.00 to C$55.00 and gave the company a "buy" rating in a research report on Tuesday, June 24th. CIBC cut their target price 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 report on Wednesday, May 7th. Finally, ATB Capital boosted their target price on shares of Ag Growth International from C$43.00 to C$47.00 and gave the company a "sector perform" rating in a research report on Thursday, June 19th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of C$49.71.

Ag Growth International Price Performance

Shares of TSE:AFN traded down C$1.43 during trading on Friday, reaching C$41.32. The company had a trading volume of 21,085 shares, compared to its average volume of 93,747. The company has a current ratio of 1.41, a quick ratio of 0.84 and a debt-to-equity ratio of 277.31. Ag Growth International has a 12 month low of C$30.81 and a 12 month high of C$57.10. The company has a fifty day moving average of C$41.35 and a two-hundred day moving average of C$37.86. The stock has a market capitalization of C$789.74 million, a P/E ratio of 32.99, a price-to-earnings-growth ratio of 1.30 and a beta of 2.29.

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.