CIBC Lowers Ag Growth International (TSE:AFN) Price Target to C$70.00

Ag Growth International (TSE:AFN) had its price objective reduced by CIBC from C$75.00 to C$70.00 in a report issued on Thursday,BayStreet.CA reports.

A number of other research firms also recently weighed in on AFN. Royal Bank of Canada reduced their target price on Ag Growth International from C$80.00 to C$75.00 in a report on Thursday. TD Securities reduced their price target on 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. Finally, Raymond James downgraded Ag Growth International from an “outperform” rating to a “market perform” rating and decreased their price objective for the stock from C$72.00 to C$62.00 in a report on Friday, October 18th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of C$74.38.

Ag Growth International Stock Up 0.0 %

Shares of TSE AFN opened at C$52.65 on Thursday. The firm has a fifty day simple moving average of C$52.40 and a two-hundred day simple moving average of C$52.52. Ag Growth International has a 12 month low of C$45.96 and a 12 month 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 firm has a market capitalization of C$1.00 billion, a PE ratio of 34.64, a price-to-earnings-growth ratio of 1.30 and a beta of 2.29.

Ag Growth International (TSE:AFN) last released its quarterly earnings results on Wednesday, August 7th. The company reported C$1.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$1.67 by C($0.25). Ag Growth International had a return on equity of 10.35% and a net margin of 2.13%. The company had revenue of C$351.78 million during the quarter, compared to the consensus estimate of C$397.51 million. Equities analysts expect that Ag Growth International will post 6.5761006 earnings per share for the current year.

Ag Growth International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Friday, September 27th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date was Friday, September 27th. Ag Growth International’s dividend payout ratio (DPR) 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.