Ag Growth International (TSE:AFN) Stock Price Crosses Above Two Hundred Day Moving Average - Time to Sell?

Key Points

• Ag Growth International Inc.'s stock price recently crossed above its 200-day moving average, reaching a high of C$44.84 and closing at C$42.75.
• Several analysts have upgraded their target prices for Ag Growth International, with estimates ranging from C$47.00 to C$55.00, reflecting a consensus rating of "Moderate Buy".
• The company has a market capitalization of C$817.07 million and a P/E ratio of 34.13, indicating robust market interest despite mixed ratings from analysts.

Ag Growth International Inc. (TSE:AFN - Get Free Report) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$37.86 and traded as high as C$44.84. Ag Growth International shares last traded at C$42.75, with a volume of 111,345 shares.

Wall Street Analyst Weigh In

AFN has been the topic of a number of research analyst reports. ATB Capital boosted their price target 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 note on Thursday, June 19th. TD Securities boosted 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 note on Tuesday. Raymond James Financial boosted their price target on shares of Ag Growth International from C$47.00 to C$52.00 and gave the company an "outperform" rating in a research note on Tuesday. Royal Bank Of Canada raised shares of Ag Growth International from a "sector perform" rating to an "outperform" rating and boosted their price target for the company from C$40.00 to C$50.00 in a research note on Thursday, May 8th. Finally, CIBC reduced their price target on shares of Ag Growth International from C$52.00 to C$49.00 and set an "outperform" rating on the stock in a research note on Wednesday, May 7th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of C$50.71.

Ag Growth International Stock Up 3.1%

The company has a quick ratio of 0.84, a current ratio of 1.41 and a debt-to-equity ratio of 277.31. The stock has a market cap of C$817.83 million, a price-to-earnings ratio of 34.16, a PEG ratio of 1.30 and a beta of 2.29. The business's fifty day moving average is C$41.39 and its two-hundred day moving average is C$37.88.

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.