TD Securities Raises Ag Growth International (TSE:AFN) Price Target to C$57.00

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 price target lifted by TD Securities from C$55.00 to C$57.00 in a research report released on Tuesday morning,BayStreet.CA reports. TD Securities currently has a buy rating on the stock.

Other research analysts have also recently 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 for the company in a report on Wednesday, May 7th. ATB Capital lifted their price target on shares of 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. National Bankshares upped their price objective on shares of Ag Growth International from C$49.00 to C$51.00 and gave the stock an "outperform" rating in a research note on Wednesday, May 7th. Royal Bank Of Canada upgraded shares of Ag Growth International from a "sector perform" rating to an "outperform" rating and lifted their target price for the company from C$40.00 to C$50.00 in a research note on Thursday, May 8th. Finally, Desjardins increased their price target on Ag Growth International from C$47.00 to C$49.00 and gave the stock a "buy" rating in a research report on Friday, August 1st. One equities research analyst has rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average price target of C$50.71.

Ag Growth International Price Performance

Shares of AFN stock traded up C$0.13 during mid-day trading on Tuesday, reaching C$43.00. The company's stock had a trading volume of 51,460 shares, compared to its average volume of 93,721. The firm's 50-day moving average is C$41.48 and its two-hundred day moving average is C$37.92. The company has a market cap of C$821.85 million, a P/E ratio of 34.33, a PEG ratio of 1.30 and a beta of 2.29. 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 debt-to-equity ratio of 277.31, a quick ratio of 0.84 and a current ratio of 1.41.

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.