Ag Growth International (TSE:AFN) Stock Gets Price Target Increase from Canadian Imperial Bank of Commerce

Ag Growth International (TSE:AFN) had its target price upped by investment analysts at Canadian Imperial Bank of Commerce from C$8.50 to C$10.00 in a note issued to investors on Friday, BayStreet reports. The firm presently has a “neutral” rating on the stock. Canadian Imperial Bank of Commerce‘s price target points to a potential upside of 11.23% from the stock’s current price.

AFN has been the topic of several other research reports. Desjardins decreased their price target on Ag Growth International from C$20.00 to C$16.00 and set a “buy” rating on the stock in a report on Friday. Royal Bank Of Canada dropped their price objective on Ag Growth International from C$30.00 to C$20.00 and set an “outperform” rating for the company in a report on Friday, July 31st. National Bank Financial dropped their price objective on Ag Growth International from C$19.00 to C$11.00 and set a “sector perform” rating for the company in a report on Thursday, October 15th. ATB Cormark Capital Markets upgraded shares of Ag Growth International from a “sector perform” rating to a “speculative buy” rating and upped their target price for the company from C$11.00 to C$14.00 in a research report on Friday. Finally, TD Securities lowered shares of Ag Growth International from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 28th. Four investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of C$19.78.

Ag Growth International Trading Down 2.8%

AFN traded down C$0.26 during mid-day trading on Friday, reaching C$8.99. The stock had a trading volume of 103,229 shares, compared to its average volume of 147,796. The firm’s fifty day simple moving average is C$9.75 and its two-hundred day simple moving average is C$18.38. The stock has a market capitalization of C$169.73 million, a P/E ratio of -1.44, a P/E/G ratio of 1.30 and a beta of 1.73. Ag Growth International has a 52 week low of C$5.80 and a 52 week high of C$32.75. The company has a debt-to-equity ratio of 541.43, a quick ratio of 0.84 and a current ratio of 1.30.

Ag Growth International (TSE:AFN) last released its earnings results on Wednesday, November 11th. The company reported C$0.16 earnings per share for the quarter. The company had revenue of C$340.50 million during the quarter. Ag Growth International had a negative return on equity of 48.31% and a negative net margin of 8.43%. On average, equities analysts predict that Ag Growth International will post 6.58 EPS for the current year.

About Ag Growth International

Ag Growth International Inc. is a leading manufacturer and supplier of equipment and solutions for the agriculture, fertilizer, feed, food and commercial sectors. With manufacturing facilities and operations on six continents, AGI provides complete systems and services that support producers and processors throughout the agricultural value chain.