Ag Growth International (TSE:AFN) Upgraded at Desjardins

Ag Growth International (TSE:AFN - Get Free Report) was upgraded by investment analysts at Desjardins to a "moderate buy" rating in a research note issued to investors on Monday,Zacks.com reports.

A number of other equities analysts have also recently issued reports on AFN. Raymond James raised shares of Ag Growth International from a "market perform" rating to an "outperform" rating and cut their price objective for the stock from C$52.00 to C$47.00 in a research report on Friday, March 7th. CIBC dropped their price target on 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. TD Securities raised their price objective on Ag Growth International from C$46.00 to C$48.00 and gave the company a "buy" rating in a research note on Wednesday, May 7th. National Bankshares boosted their price objective on 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. Finally, Royal Bank of Canada upgraded Ag Growth International from a "sector perform" rating to an "outperform" rating and increased their target price for the stock from C$40.00 to C$50.00 in a report on Thursday, May 8th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat, Ag Growth International presently has a consensus rating of "Moderate Buy" and a consensus price target of C$47.86.

Ag Growth International Stock Performance

Shares of TSE:AFN traded down C$0.12 on Monday, reaching C$39.50. 61,890 shares of the company's stock were exchanged, compared to its average volume of 111,182. The company has a current ratio of 1.41, a quick ratio of 0.84 and a debt-to-equity ratio of 277.31. The company has a market capitalization of C$754.95 million, a price-to-earnings ratio of 31.54, a PEG ratio of 1.30 and a beta of 2.29. The company has a fifty day moving average of C$35.45 and a 200-day moving average of C$40.20. Ag Growth International has a twelve month low of C$30.81 and a twelve month high of C$58.14.

Insider Activity

In related news, Director Anne De Greef-Safft bought 2,000 shares of the company's stock in a transaction on Wednesday, March 12th. The shares were purchased at an average cost of C$36.99 per share, for a total transaction of C$73,985.00. 1.06% of the stock is currently owned by corporate insiders.

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.