Ag Growth International Inc. (TSE:AFN) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Ag Growth International Inc. (TSE:AFN) have received a consensus recommendation of “Moderate Buy” from the eight research firms that are covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is C$67.25.

A number of analysts have recently weighed in on AFN shares. CIBC reduced their target price on shares of Ag Growth International from C$72.00 to C$61.00 in a report on Tuesday. Raymond James reduced their price objective on Ag Growth International from C$62.00 to C$52.00 in a research note on Tuesday. Royal Bank of Canada lowered their price objective on Ag Growth International from C$80.00 to C$75.00 in a research note on Thursday, November 7th. ATB Capital downgraded Ag Growth International from an “outperform” rating to a “sector perform” rating and cut their target price for the company from C$79.00 to C$63.00 in a research report on Tuesday. Finally, TD Securities lowered their price target on Ag Growth International from C$73.00 to C$57.00 and set a “buy” rating for the company in a research report on Tuesday.

Ag Growth International Trading Down 4.3 %

Shares of AFN opened at C$39.78 on Thursday. The stock has a market capitalization of C$758.60 million, a PE ratio of 26.17, a P/E/G ratio of 1.30 and a beta of 2.29. The company’s fifty day moving average is C$51.55 and its 200 day moving average is C$52.70. The company has a debt-to-equity ratio of 298.35, a quick ratio of 0.84 and a current ratio of 1.49. Ag Growth International has a fifty-two week low of C$39.69 and a fifty-two week high of C$64.51.

Ag Growth International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Wednesday, January 15th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.51%. The ex-dividend date was Tuesday, December 31st. Ag Growth International’s payout ratio is currently 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.