Ag Growth International (TSE:AFN) Stock Price Passes Above 200-Day Moving Average - Time to Sell?

Key Points

• Ag Growth International Inc.'s stock price surpassed its 200-day moving average of C$37.91, reaching a high of C$42.64 during trading.
• Analysts have largely recommended the stock positively, with one strong buy, six buy ratings, and a consensus price target of C$50.71.
• The company has a current market cap of C$805.98 million and a high debt-to-equity ratio of 277.31, indicating significant leverage.

Shares of Ag Growth International Inc. (TSE:AFN - Get Free Report) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$37.91 and traded as high as C$42.64. Ag Growth International shares last traded at C$42.17, with a volume of 95,619 shares traded.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. CIBC decreased their target price on Ag Growth International from C$52.00 to C$49.00 and set an "outperform" rating for the company in a research note on Wednesday, May 7th. Atb Cap Markets raised Ag Growth International from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, August 5th. Royal Bank Of Canada raised Ag Growth International from a "sector perform" rating to an "outperform" rating and raised their target price for the stock from C$40.00 to C$50.00 in a research note on Thursday, May 8th. Desjardins raised their target price on Ag Growth International from C$47.00 to C$49.00 and gave the stock a "buy" rating in a research note on Friday, August 1st. Finally, TD Securities raised their target price on Ag Growth International from C$55.00 to C$57.00 and gave the stock a "buy" rating in a research note on Tuesday, August 5th. One equities research analyst has rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Buy" and an average target price of C$50.71.

Ag Growth International Stock Performance

The company has a 50-day moving average of C$42.03 and a 200 day moving average of C$38.02. 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 firm has a market capitalization of C$784.00 million, a PE ratio of 32.75, a PEG 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.