Ag Growth International Inc. (TSE:AFN) Receives C$75.67 Consensus PT from Brokerages

Shares of Ag Growth International Inc. (TSE:AFN) have received an average rating of “Moderate Buy” from the eight ratings firms that are presently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is C$75.67.

AFN has been the topic of a number of research reports. TD Securities cut their target price on shares of Ag Growth International from C$79.00 to C$77.00 and set a “buy” rating on the stock in a research note on Monday, August 12th. Raymond James lowered shares of Ag Growth International from an “outperform” rating to a “market perform” rating and lowered their price target for the company from C$72.00 to C$62.00 in a report on Friday, October 18th. Finally, CIBC lowered their price target on shares of Ag Growth International from C$78.00 to C$75.00 and set an “outperform” rating for the company in a report on Wednesday, October 16th.

Ag Growth International Stock Performance

Shares of AFN stock opened at C$53.00 on Friday. The company’s fifty day simple moving average is C$52.56 and its 200-day simple moving average is C$52.64. Ag Growth International has a 52 week low of C$45.96 and a 52 week high of C$64.51. The company has a current ratio of 1.49, a quick ratio of 0.84 and a debt-to-equity ratio of 298.35. The company has a market cap of C$1.01 billion, a PE ratio of 33.11, a P/E/G ratio of 1.30 and a beta of 2.29.

Ag Growth International (TSE:AFN) last issued its earnings results on Wednesday, August 7th. The company reported C$1.42 EPS for the quarter, missing analysts’ consensus estimates 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 business had revenue of C$351.78 million during the quarter, compared to analysts’ expectations of C$397.51 million. As a group, equities research analysts anticipate that Ag Growth International will post 6.5761006 EPS for the current year.

Ag Growth International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Friday, September 27th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.13%. The ex-dividend date was Friday, September 27th. Ag Growth International’s dividend payout ratio is currently 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.