Ag Growth International (TSE:AFN) Stock Rating Lowered by CIBC

Ag Growth International (TSE:AFN) was downgraded by analysts at CIBC from an “outperform” rating to a “neutral” rating in a research report issued on Monday,BayStreet.CA reports. They presently have a C$33.00 price objective on the stock, down from their previous price objective of C$58.00. CIBC’s price target would suggest a potential upside of 62.48% from the stock’s current price.

AFN has been the topic of a number of other research reports. Atb Cap Markets raised shares of Ag Growth International from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 5th. Desjardins reduced their price objective on Ag Growth International from C$49.00 to C$47.00 and set a “buy” rating on the stock in a research note on Monday, October 27th. Royal Bank Of Canada downgraded shares of Ag Growth International from an “outperform” rating to a “sector perform” rating and dropped their target price for the stock from C$50.00 to C$25.00 in a research report on Monday. TD Securities boosted their price objective on shares of Ag Growth International from C$55.00 to C$57.00 and gave the stock a “buy” rating in a research note on Tuesday, August 5th. Finally, Raymond James Financial lowered shares of Ag Growth International from a “moderate buy” rating to a “hold” rating in a report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of C$44.57.

Ag Growth International Trading Up 4.6%

Shares of AFN stock traded up C$0.89 during mid-day trading on Monday, hitting C$20.31. 540,127 shares of the company’s stock were exchanged, compared to its average volume of 94,599. The stock has a market cap of C$381.83 million, a price-to-earnings ratio of -56.42, a PEG ratio of 1.30 and a beta of 1.11. 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 fifty-two week low of C$18.65 and a fifty-two week high of C$55.41. The stock has a 50-day simple moving average of C$35.86 and a two-hundred day simple moving average of C$38.98.

Ag Growth International Company Profile

Ag Growth International Inc manufactures portable and stationary grain handling, storage, and conditioning equipment, including augers, belt conveyors, grain storage bins, grain handling accessories, grain aeration equipment, and grain drying systems. The company operates mainly in Portable handling, permanent handling, storage and conditioning, livestock, and manufacturing sectors.