Cormark Has Negative Forecast for TSE:AFN FY2026 Earnings

Ag Growth International Inc. (TSE:AFN) – Equities researchers at Cormark reduced their FY2026 earnings per share estimates for shares of Ag Growth International in a research note issued on Monday, March 10th. Cormark analyst K. Mcphee now expects that the company will earn $6.04 per share for the year, down from their prior forecast of $6.06. The consensus estimate for Ag Growth International’s current full-year earnings is $6.58 per share.

AFN has been the topic of a number of other reports. Atb Cap Markets lowered Ag Growth International from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 14th. CIBC decreased their price objective on Ag Growth International from C$56.00 to C$48.00 and set an “outperform” rating on the stock in a report on Friday, March 7th. National Bankshares decreased their price objective on Ag Growth International from C$55.00 to C$51.00 and set an “outperform” rating on the stock in a report on Friday, March 7th. Raymond James raised Ag Growth International from a “market perform” rating to an “outperform” rating and reduced their target price for the stock from C$52.00 to C$47.00 in a report on Friday, March 7th. Finally, TD Securities reduced their target price on Ag Growth International from C$48.00 to C$46.00 and set a “buy” rating on the stock in a report on Tuesday. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of C$50.25.

Ag Growth International Stock Performance

Shares of TSE AFN opened at C$36.58 on Wednesday. The company has a debt-to-equity ratio of 277.31, a current ratio of 1.41 and a quick ratio of 0.84. The stock’s fifty day moving average price is C$39.56 and its two-hundred day moving average price is C$48.01. Ag Growth International has a one year low of C$31.60 and a one year high of C$64.31. The firm has a market cap of C$699.14 million, a price-to-earnings ratio of 29.21, a P/E/G ratio of 1.30 and a beta of 2.29.

Insider Buying and Selling

In other news, Senior Officer Paul David Householder bought 4,000 shares of the company’s stock in a transaction on Friday, March 7th. The stock was purchased at an average cost of C$36.01 per share, for a total transaction of C$144,040.00. Also, Director Anne De Greef-Safft bought 2,000 shares of the company’s stock in a transaction on Wednesday, March 12th. The stock was purchased at an average price of C$36.99 per share, with a total value of C$73,985.00. Insiders acquired a total of 12,000 shares of company stock worth $436,101 in the last ninety days. 1.06% of the stock is owned by insiders.

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 given a dividend of $0.15 per share. The ex-dividend date was Tuesday, December 31st. This represents a $0.60 annualized dividend and a dividend yield of 1.64%. Ag Growth International’s dividend payout ratio is currently 47.90%.

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.