Raymond James Has Lowered Expectations for Ag Growth International (TSE:AFN) Stock Price

Ag Growth International (TSE:AFN) had its price target decreased by analysts at Raymond James from C$62.00 to C$52.00 in a research report issued on Tuesday,BayStreet.CA reports. Raymond James’ target price indicates a potential upside of 25.30% from the company’s current price.

Other analysts have also issued research reports about the stock. CIBC upped their target price on shares of Ag Growth International from C$70.00 to C$72.00 and gave the stock an “outperform” rating in a research note on Thursday, December 12th. Royal Bank of Canada dropped their price target on Ag Growth International from C$80.00 to C$75.00 in a report on Thursday, November 7th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$67.25.

Ag Growth International Stock Up 0.5 %

Ag Growth International stock traded up C$0.21 during mid-day trading on Tuesday, reaching C$41.50. The stock had a trading volume of 105,137 shares, compared to its average volume of 128,113. The company has a debt-to-equity ratio of 298.35, a quick ratio of 0.84 and a current ratio of 1.49. Ag Growth International has a fifty-two week low of C$39.80 and a fifty-two week high of C$64.51. The stock’s 50-day simple moving average is C$51.72 and its 200-day simple moving average is C$52.78. The firm has a market capitalization of C$791.41 million, a PE ratio of 27.30, a price-to-earnings-growth ratio of 1.30 and a beta of 2.29.

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.