Analysts Set Ag Growth International Inc. (TSE:AFN) Target Price at C$67.25

Shares of Ag Growth International Inc. (TSE:AFN) have been given an average recommendation of “Moderate Buy” by the nine analysts that are presently covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 1 year price objective among brokers that have covered the stock in the last year is C$67.25.

Several equities research analysts have recently commented on AFN shares. Raymond James reduced their price target on shares of Ag Growth International from C$62.00 to C$52.00 in a report on Tuesday, January 14th. Royal Bank of Canada reduced their price objective on shares of Ag Growth International from C$80.00 to C$75.00 in a research note on Thursday, November 7th. Atb Cap Markets cut Ag Growth International from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 14th. ATB Capital lowered Ag Growth International from an “outperform” rating to a “sector perform” rating and reduced their price target for the stock from C$79.00 to C$63.00 in a research report on Tuesday, January 14th. Finally, TD Securities dropped 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.

Ag Growth International Stock Up 0.1 %

Shares of TSE:AFN opened at C$41.06 on Thursday. 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 business’s 50 day moving average is C$50.11 and its 200 day moving average is C$52.20. The stock 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 has a 52-week low of C$38.62 and a 52-week high of C$64.51.

Ag Growth International (TSE:AFN) last announced its quarterly earnings results on Tuesday, November 5th. The company reported C$1.26 EPS for the quarter, missing the consensus estimate 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 period in the previous year, the business posted $1.62 EPS. Sell-side analysts predict that Ag Growth International will post 6.5761006 EPS for the current year.

Ag Growth International Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Wednesday, January 15th were paid a dividend of $0.15 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.46%. Ag Growth International’s payout ratio is 39.47%.

About Ag Growth International

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.