Ag Growth International (TSE:AFN) Price Target Cut to C$75.00 by Analysts at CIBC

Ag Growth International (TSE:AFN) had its target price cut by CIBC from C$78.00 to C$75.00 in a research report report published on Wednesday morning, BayStreet.CA reports. They currently have an outperform rating on the stock.

Separately, TD Securities lowered their target price on Ag Growth International from C$79.00 to C$77.00 and set a “buy” rating for the company in a research report on Monday, August 12th. Eight research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of C$76.78.

Ag Growth International Trading Down 3.8 %

TSE AFN opened at C$51.65 on Wednesday. Ag Growth International has a twelve month low of C$45.96 and a twelve month high of C$64.51. The business’s fifty day moving average is C$54.12 and its 200 day moving average is C$53.92. The company has a quick ratio of 0.84, a current ratio of 1.49 and a debt-to-equity ratio of 298.35. The company has a market cap of C$984.97 million, a price-to-earnings ratio of 33.98, a price-to-earnings-growth ratio of 1.30 and a beta of 2.29.

Ag Growth International (TSE:AFN) last released its quarterly earnings data on Wednesday, August 7th. The company reported C$1.42 earnings per share (EPS) for the quarter, missing the consensus estimate of C$1.67 by C($0.25). Ag Growth International had a net margin of 2.13% and a return on equity of 10.35%. The firm had revenue of C$351.78 million during the quarter, compared to analyst estimates of C$397.51 million. As a group, sell-side analysts expect that Ag Growth International will post 6.5761006 EPS for the current fiscal year.

Ag Growth International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Friday, September 27th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.16%. The ex-dividend date was Friday, September 27th. Ag Growth International’s dividend payout ratio is 39.47%.

Ag Growth International Company Profile

Ag Growth International Inc, together with its subsidiaries, manufactures and sells equipment for the agriculture industry in Canada, the United States, and internationally. It operates through Farm and Commercial segments. The company offers grain, bolted, hopper, and smooth wall bins; temporary storage; unloads and sweeps systems; water tanks; secondary containment systems; fuel tanks; and storage accessories, as well as mixed flow dryers; fans and heaters; aeration products; vents and exhausters; and stirring systems.