Ag Growth International (AFN) Price Target Lowered to C$78.00 at TD Securities

Ag Growth International (TSE:AFN) had its target price reduced by research analysts at TD Securities from C$80.00 to C$78.00 in a note issued to investors on Friday. The firm presently has an “action list buy” rating on the stock. TD Securities’ target price would suggest a potential upside of 36.53% from the company’s current price.

Other research analysts have also issued reports about the stock. National Bank Financial upped their target price on shares of Ag Growth International from C$67.00 to C$71.00 and gave the stock an “outperform” rating in a research report on Thursday, August 9th. Cormark reiterated a “buy” rating and issued a C$75.00 target price on shares of Ag Growth International in a research report on Monday, August 27th. Raymond James upped their target price on shares of Ag Growth International from C$60.00 to C$65.00 and gave the stock an “outperform” rating in a research report on Monday, August 13th. Finally, Royal Bank of Canada upped their price target on shares of Ag Growth International from C$65.00 to C$70.00 and gave the company an “outperform” rating in a research report on Friday, August 10th. Six equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of C$69.44.

Shares of TSE:AFN opened at C$57.13 on Friday. Ag Growth International has a 52-week low of C$47.08 and a 52-week high of C$64.72.

Ag Growth International (TSE:AFN) last announced its earnings results on Thursday, August 9th. The company reported C$1.21 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.95 by C$0.26. Ag Growth International had a net margin of 7.54% and a return on equity of 20.81%. The company had revenue of C$262.65 million during the quarter, compared to analyst estimates of C$249.60 million.

In other Ag Growth International news, Director Gary Keith Anderson sold 10,600 shares of the company’s stock in a transaction dated Wednesday, September 12th. The shares were sold at an average price of C$63.72, for a total transaction of C$675,432.00.

Ag Growth International Company Profile

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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Analyst Recommendations for Ag Growth International (TSE:AFN)

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