Ag Growth International (TSE:AFN) Upgraded at ATB Cormark Capital Markets

Ag Growth International (TSE:AFN) was upgraded by equities researchers at ATB Cormark Capital Markets from a “sector perform” rating to a “speculative buy” rating in a research note issued to investors on Friday, BayStreet reports. The brokerage presently has a C$14.00 target price on the stock, up from their previous target price of C$11.00. ATB Cormark Capital Markets‘s target price would indicate a potential upside of 55.73% from the company’s current price.

Several other research analysts also recently weighed in on the stock. Royal Bank Of Canada lowered their price objective on shares of Ag Growth International from C$30.00 to C$20.00 and set an “outperform” rating on the stock in a report on Friday, July 31st. National Bank Financial dropped their price objective 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 cut shares of Ag Growth International from a “strong-buy” rating to a “hold” rating in a report on Monday, September 28th. Finally, Desjardins decreased their target price on shares of Ag Growth International from C$20.00 to C$16.00 and set a “buy” rating for the company in a research report on Friday. Four research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Ag Growth International has an average rating of “Hold” and an average target price of C$19.78.

Ag Growth International Stock Down 2.8%

Shares of TSE AFN traded down C$0.26 during midday trading on Friday, hitting C$8.99. 103,229 shares of the stock traded hands, compared to its average volume of 147,796. The company has a market cap of C$169.73 million, a PE ratio of -1.44, a P/E/G ratio of 1.30 and a beta of 1.73. Ag Growth International has a one year low of C$5.80 and a one year high of C$32.75. The business has a 50 day moving average price of C$9.75 and a two-hundred day moving average price of C$18.38. The company has a debt-to-equity ratio of 541.43, a quick ratio of 0.84 and a current ratio of 1.30.

Ag Growth International (TSE:AFN) last issued its earnings results on Wednesday, November 11th. The company reported C$0.16 earnings per share for the quarter. Ag Growth International had a negative return on equity of 48.31% and a negative net margin of 8.43%. The company had revenue of C$340.50 million for the quarter. On average, equities analysts predict that Ag Growth International will post 6.58 EPS for the current year.

Ag Growth International Company Profile

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.