Ag Growth International Inc. (TSE:AFN) Receives C$67.25 Consensus Price Target from Brokerages

Shares of Ag Growth International Inc. (TSE:AFN) have been assigned an average rating of “Moderate Buy” from the nine research firms that are presently covering the firm, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is C$67.25.

A number of research analysts recently weighed in on the stock. CIBC cut their target price on shares of Ag Growth International from C$72.00 to C$61.00 in a report on Tuesday, January 14th. Atb Cap Markets cut shares of Ag Growth International from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 14th. Raymond James dropped their price target on Ag Growth International from C$62.00 to C$52.00 in a research report on Tuesday, January 14th. TD Securities decreased their price objective on Ag Growth International from C$73.00 to C$57.00 and set a “buy” rating on the stock in a research report on Tuesday, January 14th. Finally, Royal Bank of Canada dropped their target price on Ag Growth International from C$80.00 to C$75.00 in a report on Thursday, November 7th.

Ag Growth International Trading Up 0.1 %

Shares of AFN opened at C$41.06 on Thursday. The company has a debt-to-equity ratio of 298.35, a current ratio of 1.49 and a quick ratio of 0.84. Ag Growth International has a 1 year low of C$38.62 and a 1 year high of C$64.51. The company has a 50 day simple moving average of C$50.11 and a two-hundred day simple moving average of C$52.20. The firm has a market cap of C$783.01 million, a P/E ratio of 27.01, a price-to-earnings-growth ratio of 1.30 and a beta of 2.29.

Ag Growth International (TSE:AFN) last announced its quarterly earnings data on Tuesday, November 5th. The company reported C$1.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$1.66 by C($0.40). Ag Growth International had a net margin of 2.13% and a return on equity of 10.35%. During the same quarter in the previous year, the business earned $1.62 EPS. On average, equities analysts expect that Ag Growth International will post 6.5761006 earnings per share for the current fiscal year.

Ag Growth International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Wednesday, January 15th were paid a $0.15 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.60 dividend on an annualized basis and a yield of 1.46%. Ag Growth International’s 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.