Ag Growth International Inc. (TSE:AFN) Receives C$74.63 Average PT from Brokerages

Shares of Ag Growth International Inc. (TSE:AFN) have earned an average recommendation of “Moderate Buy” from the eight analysts that are presently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is C$74.63.

A number of research analysts have issued reports on the company. CIBC boosted their price target on Ag Growth International from C$70.00 to C$72.00 and gave the stock an “outperform” rating in a research report on Thursday, December 12th. Royal Bank of Canada reduced their price target on shares of Ag Growth International from C$80.00 to C$75.00 in a research note on Thursday, November 7th. Finally, Raymond James lowered shares of Ag Growth International from an “outperform” rating to a “market perform” rating and lowered their price objective for the company from C$72.00 to C$62.00 in a research note on Friday, October 18th.

Ag Growth International Price Performance

Shares of AFN opened at C$51.63 on Friday. The company has a current ratio of 1.49, a quick ratio of 0.84 and a debt-to-equity ratio of 298.35. Ag Growth International has a 52 week low of C$45.96 and a 52 week high of C$64.51. The stock has a 50 day moving average of C$51.61 and a 200-day moving average of C$52.96. The firm has a market cap of C$984.58 million, a price-to-earnings ratio of 33.97, a PEG ratio of 1.30 and a beta of 2.29.

Ag Growth International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Wednesday, January 15th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.16%. The ex-dividend date is Tuesday, December 31st. Ag Growth International’s dividend payout ratio is presently 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.