Ag Growth International Inc. (TSE:AFN – Free Report) – Raymond James cut their FY2024 EPS estimates for Ag Growth International in a research note issued to investors on Thursday, November 7th. Raymond James analyst S. Hansen now forecasts that the company will post earnings per share of $5.20 for the year, down from their prior forecast of $6.42. Raymond James currently has a “Market Perform” rating and a $62.00 price objective on the stock. The consensus estimate for Ag Growth International’s current full-year earnings is $6.58 per share. Raymond James also issued estimates for Ag Growth International’s Q4 2024 earnings at $2.13 EPS and FY2025 earnings at $5.71 EPS.
Other equities research analysts also recently issued research reports about the company. TD Securities cut their price objective on Ag Growth International from C$79.00 to C$77.00 and set a “buy” rating on the stock in a report on Monday, August 12th. Royal Bank of Canada lowered their target price on Ag Growth International from C$80.00 to C$75.00 in a research note on Thursday, November 7th. Finally, CIBC cut their target price on shares of Ag Growth International from C$75.00 to C$70.00 in a research note on Thursday, November 7th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$74.38.
Ag Growth International Stock Down 0.5 %
Shares of TSE AFN opened at C$52.38 on Monday. Ag Growth International has a 52-week low of C$45.96 and a 52-week high of C$64.51. The business’s 50 day moving average is C$52.33 and its two-hundred day moving average is C$52.40. The firm has a market cap of C$998.89 million, a price-to-earnings ratio of 34.46, a PEG ratio of 1.30 and a beta of 2.29. The company has a quick ratio of 0.84, a current ratio of 1.49 and a debt-to-equity ratio of 298.35.
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. The ex-dividend date of this dividend was Friday, September 27th. This represents a $0.60 dividend on an annualized basis and a yield of 1.15%. Ag Growth International’s 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.
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