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Ag Growth International Inc, with symbol AFN-T, is a global leader in specialized ag items like grain bins and handles. They have been performing well, with record sales and profits, and are focused on organic growth. Analysts see them as a good way to play the agriculture sector without taking commodity risk, with potential for acquisitions. The stock is cheap and has a good trend behind it.
They historically grow through acquisitions, but results have been spotty. New management then focused on organic growth. He hasn't nought it yet because analyst projections are too high for his comfort. That said, the stock is cheap. It's on his radar. Are well-positioned as global food demand continues to rise.
Good way to play the agriculture sector without taking commodity risk. Global leaders. Benefits from Brazil and India upgrading farming infrastructure. Record sales last year, record backlog and increased guidance this year. Deleveraging quite quickly. Lots of free cashflow. Only at 7x EBITDA. Potential acquisition. Yield is 1.23%.
(Analysts’ price target is $72.40)Makes specialized ag items like grain bins. Agriculture is very cyclical, and it's a warning sign that DE was just downgraded due to being at top of the cycle. Probably hold, but don't buy more today. Look at it next year, when it will probably be lower.
Have performed strongly in Canada. Margins are improving. Have passed on higher costs to customers. Have paid off a lot of debt in recent years. Trades at 11x PE. Not a dividend stock, and still likes it.
Historically when Ag Growth has reached 4X BV it sets back and it is at that point today. The market has a memory for this and investors should not bet against the market. Regarding farm stocks in general, Nutrien looks good along with the fertilizer outlook and is down 30%. The world is very much in need of more food production.
It has stopped making acquisitions, is paying down debt quickly and has great free cash flow. It is in the storage and handling systems business for grains, fertilizers and other agricultural products and does not have commodity risks. It has reported record profits and is guiding to decent growth with a big backlog. Trading at 7 1/2 times EBITA
Peak valuation now. He models $60, today's price. Would buy at $35. It's cyclical which will decline in a recession.
Stock and FMV have been doing well -- decent, but not fabulous. Potential of $70. They're in one of the exciting businesses.
Agriculture business in Canada booming due to Russia/Ukraine war.
Expecting strong demand going forward.
Good crops last year supplying farms with more cash to grow.
Cyclical business that is up and down.
Does not own share in the company and hasn't done research.
Ag Growth International Inc is a Canadian stock, trading under the symbol AFN-T on the Toronto Stock Exchange (AFN-CT). It is usually referred to as TSX:AFN or AFN-T
In the last year, 6 stock analysts published opinions about AFN-T. 3 analysts recommended to BUY the stock. 1 analyst recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Ag Growth International Inc.
Ag Growth International Inc was recommended as a Top Pick by on . Read the latest stock experts ratings for Ag Growth International Inc.
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
6 stock analysts on Stockchase covered Ag Growth International Inc In the last year. It is a trending stock that is worth watching.
On 2024-03-28, Ag Growth International Inc (AFN-T) stock closed at a price of $61.36.
Demand for farm equipment continues to rise. Business has been performing well lately. Owns shares in company, would recommend holding. Excellent business with a good trend behind them.