Ag Growth International - AFN Stock Forecast, Price & News

Ag Growth International Inc., together with its subsidiaries, manufactures and distributes grain and rice handling, storage, and conditioning equipment in Canada, the United States, and internationally. The company offers storage equipment comprising grain and bolted bins, hopper bins, smooth wall bins, temporary storage equipment, unloads and sweeps, water tanks, fuel tanks; and conditioning equipment, such as mixed flow dryers, fans and heaters, aerations, airaugers, aeration floors, vents and exhausters, stirrings, and accessories. It also provides portable handling equipment, such as portable augers, conveyors, grain vacs, post pounders, seed treaters, and accessories; and permanent handling equipment, including bucket elevators, chain and belt conveyors, enclosed belt conveyors, distributors, feed handling equipment, screw feeders and conveyors, and spouts and connections. In addition, the company offers towers, catwalks, ladders, all-steel buildings, flat storage buildings; batch blenders, bulk scales, declining weight blenders, vertical blenders, micro-dosing systems, mixers, milling equipment; and controllers, hazard monitoring equipment, monitoring and automation equipment, sampling solutions. Further, it provides cleaning and destoners, rice milling and processing equipment, bin unloads, blending and control systems, Liquid and dry fertilizer blending and conveying equipment, turnkey design and build construction solutions for seed and fertilizer facilities, and farm management software. The company markets its products under the AGI, Airlanco, Batco, Brownie, CMC, Compass, Danmare, Ezee-dry, Frame, Grain Guard, Grainmaxx, Hi Roller, Hutchinson, Improtech, Junge, Keho, Mayrath, Milltec, MMS, Neco, PTM, REM, Sabe, Sentinel, Storm, Suretrack, Tramco, Twister, Westeel, Westfield, Wheatheart, and Yargus brand names. It provides its equipment for agricultural commodities. The company was founded in 1996 and is headquartered in Winnipeg, Canada.

Analyst Ratings Changes

A number of analysts recently commented on AFN shares. National Bankshares set a C$49.00 target price on Ag Growth International and gave the company an "outperform" rating in a research report on Tuesday, April 19th. Desjardins restated a "buy" rating on shares of Ag Growth International in a research report on Wednesday, May 11th. ATB Capital increased their price objective on Ag Growth International from C$57.00 to C$59.00 and gave the stock an "outperform" rating in a research report on Tuesday, July 5th. Finally, Raymond James set a C$50.00 price objective on Ag Growth International and gave the stock an "outperform" rating in a research report on Monday, May 9th. Seven investment analysts have rated the stock with a buy rating, According to MarketBeat, Ag Growth International presently has a consensus rating of "Buy" and a consensus target price of C$50.71.

Ag Growth International Stock Up 7.2 %

AFN opened at C$37.02 on Friday. The stock has a market cap of C$699.01 million and a PE ratio of 66.11. The company has a quick ratio of 0.63, a current ratio of 1.40 and a debt-to-equity ratio of 348.30. Ag Growth International has a 52 week low of C$25.85 and a 52 week high of C$44.24. The business's fifty day simple moving average is C$31.88 and its 200 day simple moving average is C$35.62.

Ag Growth International (TSE:AFN - Get Rating) last released its earnings results on Tuesday, May 10th. The company reported C$0.12 EPS for the quarter, missing analysts' consensus estimates of C$0.51 by C($0.39). The company had revenue of C$292.03 million during the quarter, compared to analyst estimates of C$296.48 million. As a group, research analysts expect that Ag Growth International will post 3.7900003 earnings per share for the current fiscal year.