CIBC Cuts Ag Growth International (TSE:AFN) Price Target to C$58.00

Ag Growth International (TSE:AFN) had its price target cut by analysts at CIBC from C$61.00 to C$58.00 in a research note issued to investors on Thursday,BayStreet.CA reports. CIBC’s price objective suggests a potential upside of 48.38% from the stock’s previous close.

Other research analysts also recently issued reports about the company. Royal Bank of Canada downgraded Ag Growth International from a “moderate buy” rating to a “hold” rating in a research note on Thursday, January 23rd. Raymond James lowered their price objective on shares of Ag Growth International from C$62.00 to C$52.00 in a research note on Tuesday, January 14th. Atb Cap Markets cut Ag Growth International from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 14th. ATB Capital cut Ag Growth International from an “outperform” rating to a “sector perform” rating and dropped their price target for the company from C$79.00 to C$63.00 in a research note on Tuesday, January 14th. Finally, TD Securities reduced their price objective on shares of Ag Growth International from C$73.00 to C$57.00 and set a “buy” rating for the company in a research report on Tuesday, January 14th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of C$66.88.

Ag Growth International Stock Up 1.7 %

Shares of Ag Growth International stock traded up C$0.64 during trading on Thursday, reaching C$39.09. The stock had a trading volume of 12,576 shares, compared to its average volume of 107,719. The company has a current ratio of 1.49, a quick ratio of 0.84 and a debt-to-equity ratio of 298.35. The company has a market capitalization of C$745.45 million, a price-to-earnings ratio of 25.72, a P/E/G ratio of 1.30 and a beta of 2.29. The stock has a fifty day moving average price of C$48.81 and a two-hundred day moving average price of C$51.74. Ag Growth International has a 52 week low of C$37.61 and a 52 week high of C$64.51.

Ag Growth International (TSE:AFN) last posted its quarterly earnings data on Tuesday, November 5th. The company reported C$1.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$1.66 by C($0.40). Ag Growth International had a net margin of 2.13% and a return on equity of 10.35%. During the same quarter last year, the company earned $1.62 earnings per share. Sell-side analysts predict that Ag Growth International will post 6.5761006 EPS for the current fiscal year.

About Ag Growth International

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.