Desjardins Has Negative Outlook of TSE:AFN FY2025 Earnings

Key Points

• Desjardins has reduced its FY2025 EPS estimate for Ag Growth International from $3.46 to $3.10, maintaining a "Buy" rating with a target price of $49.00.
• Ag Growth International's consensus earnings estimate for the current year stands at $6.58 per share, while projections for FY2027 earnings are estimated at $5.68 EPS.
• Multiple analysts, including National Bankshares and TD Securities, have adjusted their target prices, most recently ranging from C$49.00 to C$55.00, indicating a generally positive outlook on the stock.

Ag Growth International Inc. (TSE:AFN - Free Report) - Investment analysts at Desjardins dropped their FY2025 earnings per share (EPS) estimates for shares of Ag Growth International in a research report issued to clients and investors on Friday, August 1st. Desjardins analyst G. Ho now expects that the company will post earnings per share of $3.10 for the year, down from their previous estimate of $3.46. Desjardins currently has a "Buy" rating and a $49.00 target price on the stock. The consensus estimate for Ag Growth International's current full-year earnings is $6.58 per share. Desjardins also issued estimates for Ag Growth International's FY2027 earnings at $5.68 EPS.

AFN has been the topic of a number of other reports. 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. 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 note on Thursday, June 19th. TD Securities increased their price objective 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. Atb Cap Markets raised Ag Growth International from a "hold" rating to a "strong-buy" rating in a report on Tuesday. Finally, Royal Bank Of Canada raised 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. 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's stock. According to MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus price target of C$50.71.

Ag Growth International Trading Down 0.2%

Shares of TSE AFN traded down C$0.09 during trading on Monday, reaching C$42.78. The company had a trading volume of 53,862 shares, compared to its average volume of 93,731. The stock has a market cap of C$817.64 million, a P/E ratio of 34.16, a PEG ratio of 1.30 and a beta of 2.29. 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 company's fifty day moving average price is C$41.48 and its 200-day moving average price is C$37.92. 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.