Ag Growth International Inc. (TSE:AFN) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Ag Growth International Inc. (TSE:AFN) have been assigned a consensus rating of “Moderate Buy” from the eight analysts that are currently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is C$75.67.

A number of research analysts recently commented on AFN shares. TD Securities dropped their target price on shares of Ag Growth International from C$79.00 to C$77.00 and set a “buy” rating on the stock in a research report on Monday, August 12th. Raymond James downgraded Ag Growth International from an “outperform” rating to a “market perform” rating and reduced their target price for the company from C$72.00 to C$62.00 in a report on Friday, October 18th. Finally, CIBC lowered their target price on Ag Growth International from C$78.00 to C$75.00 and set an “outperform” rating on the stock in a report on Wednesday, October 16th.

Ag Growth International Stock Up 1.0 %

TSE AFN opened at C$49.87 on Friday. Ag Growth International has a 52 week low of C$45.96 and a 52 week high of C$64.51. The firm has a market cap of C$951.02 million, a PE ratio of 32.81, a P/E/G ratio of 1.30 and a beta of 2.29. The business’s fifty day simple moving average is C$52.77 and its 200-day simple moving average is C$52.89. 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 (TSE:AFN) last announced its earnings results on Wednesday, August 7th. The company reported C$1.42 EPS for the quarter, missing analysts’ consensus estimates of C$1.67 by C($0.25). The firm had revenue of C$351.78 million for the quarter, compared to analysts’ expectations of C$397.51 million. Ag Growth International had a net margin of 2.13% and a return on equity of 10.35%. As a group, equities analysts anticipate 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. Shareholders of record on Friday, September 27th were given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.20%. The ex-dividend date was Friday, September 27th. Ag Growth International’s dividend payout ratio (DPR) is presently 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.