Important Rating: AG Growth International (TSE:AFN) Had Its PT Increases by Researchers at Laurentian Bank to $59.00

November 23, 2016 - By Clifton Ray

AG Growth International (TSE:AFN) Stock Target Raised

In a research note shared with investors and clients by Laurentian Bank on Tuesday, 22 November, AG Growth International (TSE:AFN) had its target price per share upped to $59.00. The firm currently has Buy rating on the stock.

Ag Growth International Inc (TSE:AFN) Ratings Coverage

Out of 6 analysts covering AG Growth International (TSE:AFN), 3 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 50% are positive. $59 is the highest target while $40 is the lowest. The $51.58 average target is -4.38% below today’s ($53.94) stock price. AG Growth International has been the topic of 16 analyst reports since August 17, 2015 according to StockzIntelligence Inc. The firm has “Sector Perform” rating by National Bank Canada given on Wednesday, September 30. Laurentian maintained the shares of AFN in a report on Monday, August 17 with “Buy” rating. The firm earned “Sector Perform” rating on Thursday, June 9 by Scotia Capital. Altacorp reinitiated Ag Growth International Inc (TSE:AFN) rating on Monday, August 24. Altacorp has “Outperform” rating and $45 price target.

The stock decreased 0.06% or $0.03 on November 22, hitting $53.94. About 59,692 shares traded hands or 27.68% up from the average. Ag Growth International Inc (TSE:AFN) has risen 45.04% since April 19, 2016 and is uptrending. It has outperformed by 39.71% the S&P500.

Ag Growth International Inc. is a Canada maker of agricultural equipment. The company has a market cap of $795.60 million. The Firm focuses on grain handling, storage and conditioning products. It currently has negative earnings. The Company’s products service both Farm and Commercial markets, and sells to farmers, contractors and corporate entities.

AFN Company Profile

Affinia Group Holdings Inc. (Affinia Holdings), incorporated on July 6, 2004, operates through its wholly owned subsidiary, Affinia Group Intermediate Holdings Inc. (Affinia), which is engaged in the manufacturing and distribution of global filtration products and replacement products in South America. Affinia operates through two business divisions: Filtration and Affinia South America. The Filtration segment makes and distributes filtration products for medium and heavy-duty trucks, construction, agriculture, mining, and forestry vehicles, and light duty, industrial and marine applications. The Company’s South America segment makes and distributes replacement products for on-road and off-road vehicles, principally in Brazil. Affinia markets its products under a variety of brands, such as WIX, Filtron, Nakata, ecoLAST and ACDelco. Affinia has activities in North America, Central and South America, and Europe.

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