Ag Growth International (TSE:AFN – Free Report) 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.
Get Our Latest Stock Analysis on AFN
Ag Growth International Trading Down 3.8 %
Ag Growth International (TSE:AFN – Get Free Report) 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.
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