Royal Bank of Canada Cuts Ag Growth International (TSE:AFN) Price Target to C$75.00

Ag Growth International (TSE:AFN) had its target price cut by stock analysts at Royal Bank of Canada from C$80.00 to C$75.00 in a research note issued to investors on Thursday,BayStreet.CA reports. Royal Bank of Canada’s target price points to a potential upside of 42.94% from the company’s previous close.

AFN has been the topic of a number of other research reports. CIBC dropped their price objective on Ag Growth International from C$78.00 to C$75.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 16th. Raymond James cut shares of Ag Growth International from an “outperform” rating to a “market perform” rating and cut their price target for the company from C$72.00 to C$62.00 in a research note on Friday, October 18th. Finally, TD Securities dropped their target price on shares of Ag Growth International from C$79.00 to C$77.00 and set a “buy” rating on the stock in a report on Monday, August 12th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of C$74.56.

Ag Growth International Stock Down 1.0 %

TSE:AFN traded down C$0.53 during trading hours on Thursday, reaching C$52.47. 66,529 shares of the stock were exchanged, compared to its average volume of 64,491. The firm has a 50 day moving average of C$52.51 and a 200 day moving average of C$52.64. The company has a debt-to-equity ratio of 298.35, a current ratio of 1.49 and a quick ratio of 0.84. The stock has a market cap of C$1.00 billion, a PE ratio of 34.08, a PEG ratio of 1.30 and a beta of 2.29. Ag Growth International has a twelve month low of C$45.96 and a twelve month high of C$64.51.

Ag Growth International (TSE:AFN) last posted its quarterly earnings data on Wednesday, August 7th. The company reported C$1.42 EPS for the quarter, missing analysts’ consensus estimates of C$1.67 by C($0.25). Ag Growth International had a return on equity of 10.35% and a net margin of 2.13%. The business had revenue of C$351.78 million for the quarter, compared to analyst estimates of C$397.51 million. On average, equities analysts expect that Ag Growth International will post 6.5761006 earnings per share for the current year.

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.