Analyst Michael Tupholme from TD Cowen maintained a Buy rating on Ag Growth International (AFN – Research Report) and increased the price target to C$48.00 from C$46.00.
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Michael Tupholme has given his Buy rating due to a combination of factors that highlight Ag Growth International’s strong market position and growth potential. The company has demonstrated resilience in its financial performance, with expectations for continued improvement in its free cash flow throughout 2025. This positive outlook is supported by Ag Growth International’s strategic initiatives, which are likely to enhance its competitive edge and drive future growth.
Additionally, the company’s low debt levels provide a solid foundation for its growth prospects, particularly in terms of its ability to protect its 2026 AFFO growth outlook. The stability in its financial metrics, coupled with the potential for sequential improvements, makes Ag Growth International an attractive investment opportunity, justifying the Buy rating assigned by Michael Tupholme.
Based on the recent corporate insider activity of 9 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of AFN in relation to earlier this year.