Cormark Has Negative Estimate for TSE:AFN FY2025 Earnings

Key Points

• Cormark has revised its FY2025 earnings per share estimate for Ag Growth International from $3.86 to $3.29, significantly below the consensus estimate of $6.58.
• Despite the negative outlook from Cormark, multiple analysts have upgraded their target prices for Ag Growth International, with estimates ranging from C$47.00 to C$57.00.
• The stock currently has a consensus rating of "Buy" with a consensus target price of C$50.71, indicating a generally optimistic sentiment despite the recent downward revision.

Ag Growth International Inc. (TSE:AFN - Free Report) - Stock analysts at Cormark dropped their FY2025 EPS estimates for Ag Growth International in a note issued to investors on Tuesday, August 5th. Cormark analyst K. Mcphee now forecasts that the company will earn $3.29 per share for the year, down from their prior estimate of $3.86. The consensus estimate for Ag Growth International's current full-year earnings is $6.58 per share.

AFN has been the subject of a number of other reports. Royal Bank Of Canada raised shares of Ag Growth International from a "sector perform" rating to an "outperform" rating and upped their target price for the company from C$40.00 to C$50.00 in a report on Thursday, May 8th. National Bankshares raised their target price on 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. ATB Capital upped their price target on 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 boosted their price objective on Ag Growth International from C$55.00 to C$57.00 and gave the company a "buy" rating in a research note on Tuesday. Finally, Desjardins raised their target price on shares of 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. One equities research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus target price of C$50.71.

Ag Growth International Trading Up 3.3%

Shares of TSE:AFN opened at C$42.87 on Thursday. The company has a debt-to-equity ratio of 277.31, a current ratio of 1.41 and a quick ratio of 0.84. Ag Growth International has a 1 year low of C$30.81 and a 1 year high of C$57.10. The company has a market cap of C$819.36 million, a P/E ratio of 34.23, a PEG ratio of 1.30 and a beta of 2.29. The stock's fifty day moving average price is C$41.48 and its 200-day moving average price is C$37.92.

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.

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