Ag Growth International (TSE:AFN) Price Target Lowered to C$48.00 at TD Securities

Ag Growth International (TSE:AFN) had its target price decreased by TD Securities from C$57.00 to C$48.00 in a research report sent to investors on Wednesday morning,BayStreet.CA reports. TD Securities currently has a buy rating on the stock.

Several other brokerages have also issued reports on AFN. CIBC decreased their price target on shares of Ag Growth International from C$61.00 to C$58.00 in a research note on Thursday, January 30th. Raymond James decreased their target price on Ag Growth International from C$62.00 to C$52.00 in a research report on Tuesday, January 14th. National Bankshares dropped their price target on Ag Growth International from C$67.00 to C$55.00 and set an “outperform” rating on the stock in a research report on Thursday, January 30th. Atb Cap Markets lowered Ag Growth International from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 14th. Finally, Royal Bank of Canada cut Ag Growth International from an “outperform” rating to a “sector perform” rating and lowered their price objective for the company from C$75.00 to C$45.00 in a research note on Thursday, January 30th. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Ag Growth International presently has a consensus rating of “Moderate Buy” and an average price target of C$59.25.

Ag Growth International Price Performance

AFN opened at C$34.46 on Wednesday. Ag Growth International has a fifty-two week low of C$33.50 and a fifty-two week high of C$64.51. The firm has a 50-day moving average of C$41.04 and a 200 day moving average of C$48.67. The company has a debt-to-equity ratio of 277.31, a quick ratio of 0.84 and a current ratio of 1.41. The firm has a market cap of C$658.62 million, a P/E ratio of 27.51, a PEG ratio of 1.30 and a beta of 2.29.

Ag Growth International Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Wednesday, January 15th were given a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.74%. The ex-dividend date of this dividend was Tuesday, December 31st. Ag Growth International’s dividend payout ratio is presently 47.90%.

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.