17:58:24 EDT Sun 13 Jul 2025
Enter Symbol
or Name
USA
CA



Ag Growth International Inc
Symbol AFN
Shares Issued 18,656,025
Close 2025-05-08 C$ 38.35
Market Cap C$ 715,458,559
Recent Sedar Documents

Globe says Ag Growth boosted to "outperform"

2025-05-09 07:37 ET - In the News

The Globe and Mail reports in its Friday, May 9, edition that RBC Dominion Securities analyst Andrew Wong has upgraded Ag Growth to "outperform" from "sector perform." The Globe's David Leeder writes in the Eye On Equities column that Mr. Wong's share target soared $10 to $50. Analysts on average target the shares at $48.75. Mr. Wong says in a note: "We think North American farm has reached a low-point and should eventually recover while the commercial segment continues to perform well. Ag Growth has also managed to maintain higher margins through broader market and ag market volatility, giving us greater confidence in underlying operations. As earnings recover and investment spending declines, we anticipate a FCF inflection in 2026/2027 (10-per-cent/14-per-cent FCF yield. Crop prices have remained stable through H1/25, 2025 planted crop acreage and crop production are relatively high, and dealer-held inventories have declined according to management. Visibility into H2/25 remains low, but we expect a modest recovery off recent lows and likely normalization into 2026. We forecast 5-per-cent year/year growth in H2/25 off easy comps and 8 per cent in 2026 as Farm demand recovers."

© 2025 Canjex Publishing Ltd. All rights reserved.