Ag Growth International Inc. (TSE:AFN) Stock Has Consensus Target Price of C$21.89 According to Brokerages

Ag Growth International Inc. (TSE:AFN) has been assigned an average recommendation of “Hold” from the nine brokerages that are covering the firm, MarketBeat reports. Six research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is C$21.89.

A number of research firms have weighed in on AFN. Royal Bank Of Canada dropped their price target on shares of Ag Growth International from C$30.00 to C$20.00 and set an “outperform” rating for the company in a research report on Friday, July 31st. Desjardins decreased their price objective on shares of Ag Growth International from C$25.00 to C$20.00 and set a “buy” rating on the stock in a research report on Friday, July 31st. National Bank Financial lowered their target price on shares of Ag Growth International from C$19.00 to C$11.00 and set a “sector perform” rating on the stock in a research note on Thursday, October 15th. TD Securities downgraded shares of Ag Growth International from a “strong-buy” rating to a “hold” rating in a report on Monday, September 28th. Finally, ATB Cormark Capital Markets dropped their target price on shares of Ag Growth International from C$18.00 to C$11.00 and set a “sector perform” rating for the company in a report on Thursday, October 1st.

Ag Growth International Stock Down 5.8%

AFN stock opened at C$9.30 on Wednesday. The business’s 50-day moving average price is C$10.54 and its 200-day moving average price is C$19.33. The stock has a market cap of C$175.58 million, a P/E ratio of -1.49, a PEG ratio of 1.30 and a beta of 1.56. The company has a quick ratio of 0.84, a current ratio of 1.30 and a debt-to-equity ratio of 541.43. Ag Growth International has a twelve month low of C$5.80 and a twelve month high of C$36.27.

Ag Growth International (TSE:AFN) last released its earnings results on Wednesday, July 29th. The company reported C($2.06) earnings per share (EPS) for the quarter. Ag Growth International had a negative return on equity of 48.31% and a negative net margin of 8.43%. The firm had revenue of C$323.18 million during the quarter. On average, equities research analysts forecast that Ag Growth International will post 6.58 EPS for the current year.

About Ag Growth International

Ag Growth International Inc is a leading manufacturer and supplier of equipment and solutions for the agriculture, fertilizer, feed, food and commercial sectors. With manufacturing facilities and operations on six continents, AGI provides complete systems and services that support producers and processors throughout the agricultural value chain.