Ag Growth International (TSE:AFN) Shares Cross Above Two Hundred Day Moving Average - Here's What Happened

Key Points

• Ag Growth International Inc. shares crossed above their 200-day moving average, trading at C$41.46, indicating positive momentum in the stock's performance.
• Analysts have recently set new price targets for the stock; ATB Capital raised its target from C$43.00 to C$47.00, while Royal Bank of Canada increased it to C$50.00.
• The company has a market capitalization of C$792.41 million with a price-to-earnings ratio of 33.10 and a debt-to-equity ratio of 277.31, highlighting its financial leverage level.

Ag Growth International Inc. (TSE:AFN - Get Free Report) shares crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$38.05 and traded as high as C$41.83. Ag Growth International shares last traded at C$41.46, with a volume of 28,464 shares.

Analyst Ratings Changes

AFN has been the topic of several recent analyst reports. Raymond James Financial upped their target price on shares of Ag Growth International from C$47.00 to C$52.00 and gave the stock an "outperform" rating in a research report on Tuesday, August 5th. ATB Capital upped their target price on shares of Ag Growth International from C$43.00 to C$47.00 and gave the stock a "sector perform" rating in a research report on Thursday, June 19th. TD Securities increased 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 report on Tuesday, August 5th. Atb Cap Markets upgraded shares of Ag Growth International from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, August 5th. Finally, National Bankshares increased 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 research report on Wednesday, May 7th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, Ag Growth International currently has a consensus rating of "Buy" and a consensus price target of C$50.71.

Ag Growth International Stock Up 0.6%

The firm's 50-day moving average price is C$42.15 and its 200 day moving average price is C$38.14. The firm has a market capitalization of C$802.73 million, a price-to-earnings ratio of 33.53, a price-to-earnings-growth 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.

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.