TD Securities Has Lowered Expectations for Ag Growth International (TSE:AFN) Stock Price

Ag Growth International (TSE:AFN) had its price objective cut by stock analysts at TD Securities from C$48.00 to C$46.00 in a note issued to investors on Tuesday,BayStreet.CA reports. The firm currently has a “buy” rating on the stock. TD Securities’ price objective would suggest a potential upside of 25.58% from the stock’s previous close.

A number of other research analysts have also recently commented on AFN. Raymond James raised shares of Ag Growth International from a “market perform” rating to an “outperform” rating and dropped their price objective for the company from C$52.00 to C$47.00 in a report on Friday. Desjardins dropped their price target on Ag Growth International from C$57.00 to C$49.00 and set a “buy” rating for the company in a research note on Friday. Atb Cap Markets downgraded Ag Growth International from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 14th. CIBC decreased their price objective on Ag Growth International from C$56.00 to C$48.00 and set an “outperform” rating on the stock in a report on Friday. Finally, Royal Bank of Canada cut their target price on shares of Ag Growth International from C$45.00 to C$40.00 and set a “sector perform” rating for the company in a report on Friday. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$50.25.

Ag Growth International Price Performance

Shares of TSE:AFN opened at C$36.63 on Tuesday. The company has a market capitalization of C$700.10 million, a P/E ratio of 29.25, a P/E/G ratio of 1.30 and a beta of 2.29. Ag Growth International has a 1-year low of C$31.60 and a 1-year high of C$64.43. The firm’s 50 day simple moving average is C$40.13 and its two-hundred day simple moving average is C$48.23. The company has a debt-to-equity ratio of 277.31, a current ratio of 1.41 and a quick ratio of 0.84.

Insider Transactions at Ag Growth International

In other Ag Growth International news, Director Janet Giesselman purchased 6,000 shares of Ag Growth International stock in a transaction dated Friday, March 7th. The stock was acquired at an average price of C$36.35 per share, for a total transaction of C$218,076.00. Also, Senior Officer Paul David Householder acquired 4,000 shares of the company’s stock in a transaction dated Friday, March 7th. The shares were acquired at an average price of C$36.01 per share, for a total transaction of C$144,040.00. Company insiders own 1.06% of the company’s stock.

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.