Cormark Has Optimistic Outlook of TSE:AFN FY2026 Earnings

Key Points

• Cormark has raised its FY2026 earnings per share (EPS) estimate for Ag Growth International to $6.40, up from $6.38, while also forecasting FY2027 EPS at $7.11.
• Investment firms have varied outlooks on the company, with Raymond James increasing their target price from C$47.00 to C$52.00 and CIBC lowering theirs from C$52.00 to C$49.00.
• Ag Growth International's shares opened at C$41.52 and are currently down 2.9%, having a market cap of C$793.56 million and showing volatility with a beta of 2.29.

Ag Growth International Inc. (TSE:AFN - Free Report) - Analysts at Cormark boosted their FY2026 earnings per share estimates for Ag Growth International in a research note issued to investors on Tuesday, August 5th. Cormark analyst K. Mcphee now forecasts that the company will post earnings per share of $6.40 for the year, up from their prior estimate of $6.38. The consensus estimate for Ag Growth International's current full-year earnings is $6.58 per share. Cormark also issued estimates for Ag Growth International's FY2027 earnings at $7.11 EPS.

Other research analysts have also issued reports about the company. CIBC cut their price objective on Ag Growth International from C$52.00 to C$49.00 and set an "outperform" rating on the stock in a report on Wednesday, May 7th. Atb Cap Markets raised Ag Growth International from a "hold" rating to a "strong-buy" rating in a report on Tuesday, August 5th. Raymond James Financial increased their price objective on Ag Growth International from C$47.00 to C$52.00 and gave the company an "outperform" rating in a report on Tuesday, August 5th. 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. Finally, ATB Capital increased their price objective on Ag Growth International from C$43.00 to C$47.00 and gave the company a "sector perform" rating in a report on Thursday, June 19th. One 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. Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and an average target price of C$50.71.

Ag Growth International Stock Up 0.1%

Ag Growth International stock traded up C$0.03 during midday trading on Wednesday, reaching C$42.45. The company's stock had a trading volume of 77,465 shares, compared to its average volume of 93,850. The stock's 50-day simple moving average is C$41.65 and its 200-day simple moving average is C$37.91. 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 52-week low of C$30.81 and a 52-week high of C$57.10. The stock has a market capitalization of C$811.33 million, a P/E ratio of 33.89, a PEG ratio of 1.30 and a beta of 2.29.

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.