Ag Growth International (TSE:AFN) PT Raised to C$42.00 at Raymond James

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Ag Growth International (TSE:AFN) had its price target hoisted by analysts at Raymond James from C$36.00 to C$42.00 in a report issued on Thursday, BayStreet.CA reports. The firm presently has an “outperform” rating on the stock. Raymond James’ price target would suggest a potential upside of 51.73% from the company’s previous close.

Several other research analysts also recently weighed in on AFN. Scotiabank dropped their target price on shares of Ag Growth International from C$53.00 to C$35.00 in a research report on Thursday, March 19th. Royal Bank of Canada dropped their target price on shares of Ag Growth International from C$55.00 to C$35.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 22nd. Cormark dropped their target price on shares of Ag Growth International from C$57.00 to C$30.00 in a research report on Thursday, March 26th. National Bank Financial lifted their target price on shares of Ag Growth International from C$30.00 to C$35.00 and gave the stock an “outperform” rating in a research report on Thursday, May 7th. Finally, Desjardins raised shares of Ag Growth International from a “hold” rating to a “buy” rating in a research report on Monday, April 20th. Four analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Ag Growth International currently has a consensus rating of “Buy” and an average price target of C$42.86.

Shares of AFN traded down C$2.58 during mid-day trading on Thursday, hitting C$27.68. The company’s stock had a trading volume of 123,912 shares, compared to its average volume of 120,411. The firm has a 50-day moving average price of C$27.38 and a 200 day moving average price of C$35.82. The stock has a market capitalization of $542.66 million and a price-to-earnings ratio of -10.86. The company has a debt-to-equity ratio of 252.11, a current ratio of 1.67 and a quick ratio of 0.78. Ag Growth International has a fifty-two week low of C$15.00 and a fifty-two week high of C$57.00.

Ag Growth International (TSE:AFN) last announced its quarterly earnings data on Thursday, May 7th. The company reported C$0.38 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of C$0.02 by C$0.36. The business had revenue of C$229.11 million during the quarter, compared to analyst estimates of C$214.15 million. As a group, equities analysts anticipate that Ag Growth International will post 2.7996409 EPS for the current fiscal year.

In related news, Director William Stephen Maslechko purchased 2,100 shares of the firm’s stock in a transaction that occurred on Friday, May 15th. The stock was acquired at an average cost of C$26.45 per share, for a total transaction of C$55,545.00. Following the completion of the acquisition, the director now owns 6,000 shares in the company, valued at approximately C$158,700.

About Ag Growth International

Ag Growth International Inc, together with its subsidiaries, manufactures and distributes grain handling, storage, and conditioning equipment in Canada, the United States, and internationally. The company offers portable handling equipment, such as portable augers, portable belt conveyors, grainvacs, and storm seed treaters; and permanent handling equipment, including TA tapered auger vertical blend systems, high-tonnage conveying systems, distributors, bulk weigh hoppers, enclosed belt conveyors, bucket elevators, rail and truck probes, VIS micro dosing systems, chain conveyors, truss and towers, screw feeders and conveyors, and spout and connections.

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