What is Cormark's Forecast 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 decreased their FY2025 earnings estimates for Ag Growth International in a research report issued to clients and investors on Tuesday, August 5th. Cormark analyst K. Mcphee now forecasts that the company will post earnings of $3.29 per share for the year, down from their previous estimate of $3.86. The consensus estimate for Ag Growth International's current full-year earnings is $6.58 per share.

Several other brokerages have also commented on AFN. 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 stock from C$40.00 to C$50.00 in a report on Thursday, May 8th. Atb Cap Markets upgraded shares of Ag Growth International from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, August 5th. TD Securities boosted their price target on shares of 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. 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 note on Tuesday, August 5th. Finally, National Bankshares increased 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. One 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. According to MarketBeat.com, Ag Growth International currently has an average rating of "Buy" and an average price target of C$50.71.

Ag Growth International Stock Down 1.7%

TSE AFN traded down C$0.73 during trading on Thursday, reaching C$41.72. 23,802 shares of the company's stock traded hands, compared to its average volume of 93,379. The company's 50 day simple moving average is C$41.65 and its two-hundred day simple moving average is C$37.89. The firm has a market cap of C$797.38 million, a price-to-earnings ratio of 33.31, 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. Ag Growth International has a 12-month low of C$30.81 and a 12-month high of C$57.10.

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.