TD Securities Issues Positive Forecast for Ag Growth International (TSE:AFN) Stock Price

Key Points

• TD Securities has raised its price target for Ag Growth International (TSE:AFN) from C$55.00 to C$57.00, indicating a potential upside of 38.52% from the current stock price.
• The stock holds a "Moderate Buy" average rating from analysts, with two holding and six giving buy recommendations.
• Ag Growth International's stock has traded at a 12-month low of C$30.81 and a high of C$57.10, reflecting its volatility in the market.

Ag Growth International (TSE:AFN - Free Report) had its target price hoisted by TD Securities from C$55.00 to C$57.00 in a research report report published on Tuesday morning,BayStreet.CA reports. They currently have a buy rating on the stock.

Other equities research analysts also recently issued research reports about the company. National Bankshares lifted 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. CIBC reduced their price target on Ag Growth International from C$52.00 to C$49.00 and set an "outperform" rating for the company in a research report on Wednesday, May 7th. Royal Bank Of Canada upgraded Ag Growth International from a "sector perform" rating to an "outperform" rating and lifted their price target for the company from C$40.00 to C$50.00 in a research report on Thursday, May 8th. ATB Capital lifted their price target on Ag Growth International from C$43.00 to C$47.00 and gave the company a "sector perform" rating in a research report on Thursday, June 19th. Finally, Raymond James Financial lifted their price target on Ag Growth International from C$47.00 to C$52.00 and gave the company an "outperform" rating in a research report on Tuesday. One investment analyst has rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus target price of C$50.71.

Ag Growth International Stock Performance

Shares of Ag Growth International stock traded up C$0.03 on Tuesday, reaching C$42.45. 77,465 shares of the stock were exchanged, compared to its average volume of 93,850. The company has a quick ratio of 0.84, a current ratio of 1.41 and a debt-to-equity ratio of 277.31. Ag Growth International has a twelve month low of C$30.81 and a twelve month high of C$57.10. The firm has a market capitalization of C$811.33 million, a price-to-earnings ratio of 33.89, a PEG ratio of 1.30 and a beta of 2.29. The business has a 50 day moving average price of C$41.65 and a two-hundred day moving average price of C$37.91.

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.