Raymond James Maintains a Buy Rating on Ag Growth International (AFN)


Ag Growth International (AFN) has received a rating update from a Wall Street analyst today. Analyst Steve Hansen from Raymond James rated Ag Growth International (AFN) a Buy, setting a C$70 price target.

Hansen has an average return of 4.1% when recommending Ag Growth International.

According to TipRanks.com, Hansen is ranked #934 out of 5182 analysts.

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Currently, the analyst consensus on Ag Growth International is a Strong Buy with an average price target of C$71.67.

Based on Ag Growth International’s latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of C$13.22 million. In comparison, last year the company had a net profit of C$4.94 million.

Ag Growth International, Inc. engages in the manufacture of agricultural equipment. The firm operates through the Farm and Commercial segments. Its product portfolio includes portable handling, permanent handling, storage and conditioning, livestock and manufacturing.

The company’s shares closed on Wednesday at C$55.19.

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