Ag Growth International (TSE:AFN) Rating Increased to Outperform at Raymond James Financial

Ag Growth International (TSE:AFN) was upgraded by research analysts at Raymond James Financial from a “market perform” rating to an “outperform” rating in a report issued on Friday,BayStreet.CA reports. The brokerage presently has a C$52.00 price objective on the stock. Raymond James Financial’s target price would indicate a potential upside of 76.81% from the stock’s previous close.

Other equities research analysts also recently issued reports about the stock. Royal Bank Of Canada downgraded shares of Ag Growth International from a “moderate buy” rating to a “hold” rating and reduced their price target for the company from C$50.00 to C$25.00 in a research note on Monday, November 17th. Cibc Captl Mkts lowered shares of Ag Growth International from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 17th. CIBC downgraded shares of Ag Growth International from an “outperform” rating to a “neutral” rating and lowered their price target for the stock from C$58.00 to C$33.00 in a report on Monday, November 17th. National Bankshares cut their price objective on Ag Growth International from C$49.00 to C$37.00 and set an “outperform” rating on the stock in a report on Monday, December 1st. Finally, Desjardins dropped their target price on Ag Growth International from C$49.00 to C$47.00 and set a “buy” rating for the company in a research report on Monday, October 27th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$42.57.

Ag Growth International Price Performance

Shares of TSE:AFN traded up C$5.74 during midday trading on Friday, hitting C$29.41. The stock had a trading volume of 554,794 shares, compared to its average volume of 191,320. The company’s 50-day moving average price is C$24.43 and its 200-day moving average price is C$34.56. Ag Growth International has a fifty-two week low of C$17.93 and a fifty-two week high of C$48.30. The company has a quick ratio of 0.84, a current ratio of 1.41 and a debt-to-equity ratio of 277.31. The company has a market capitalization of C$552.91 million, a P/E ratio of -81.69, a price-to-earnings-growth ratio of 1.30 and a beta of 0.76.

Ag Growth International (TSE:AFN) last posted its quarterly earnings results on Thursday, January 8th. The company reported C$0.80 EPS for the quarter. Ag Growth International had a return on equity of 7.48% and a net margin of 1.71%.The company had revenue of C$389.43 million during the quarter. As a group, equities research analysts predict that Ag Growth International will post 6.5761006 EPS for the current fiscal year.

About Ag Growth International

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. Some of its brands are batco, wheatheart, westfield, storm, rem, hi roller, union iron, hsi, tramco, ptm, vis, nuvision, twister, grain guard, airlanco, westeel, frame, and entringer.