Ag Growth International (TSE:AFN) Given New C$46.00 Price Target at TD Securities

Ag Growth International (TSE:AFN) had its target price lowered by stock analysts at TD Securities from C$48.00 to C$46.00 in a note issued to investors on Tuesday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. TD Securities’ target price would indicate a potential upside of 25.58% from the stock’s previous close.

A number of other brokerages have also issued reports on AFN. Atb Cap Markets lowered Ag Growth International from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 14th. Desjardins cut their price objective on Ag Growth International from C$57.00 to C$49.00 and set a “buy” rating on the stock in a report on Friday. National Bankshares decreased their target price on Ag Growth International from C$55.00 to C$51.00 and set an “outperform” rating for the company in a report on Friday. Raymond James upgraded Ag Growth International from a “market perform” rating to an “outperform” rating and dropped their target price for the company from C$52.00 to C$47.00 in a research report on Friday. Finally, ATB Capital reduced their price target on shares of Ag Growth International from C$57.00 to C$46.00 and set a “sector perform” rating for the company in a research report on Friday. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, Ag Growth International has an average rating of “Moderate Buy” and a consensus target price of C$50.25.

Ag Growth International Trading Up 1.2 %

Shares of Ag Growth International stock opened at C$36.63 on Tuesday. The firm’s 50 day simple moving average is C$40.13 and its two-hundred day simple moving average is C$48.23. The firm has a market capitalization of C$700.10 million, a price-to-earnings ratio of 29.25, a PEG ratio of 1.30 and a beta of 2.29. Ag Growth International has a 12-month low of C$31.60 and a 12-month high of C$64.43. The company has a current ratio of 1.41, a quick ratio of 0.84 and a debt-to-equity ratio of 277.31.

Insider Buying and Selling at Ag Growth International

In other news, Senior Officer Paul David Householder purchased 4,000 shares of the company’s stock in a transaction that occurred on Friday, March 7th. The shares were bought at an average price of C$36.01 per share, for a total transaction of C$144,040.00. Also, Director Janet Giesselman acquired 6,000 shares of the business’s stock in a transaction on Friday, March 7th. The stock was purchased at an average cost of C$36.35 per share, with a total value of C$218,076.00. 1.06% of the stock is currently owned by corporate insiders.

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.