Ag Growth International Inc. (TSE:AFN) Given Average Rating of “Moderate Buy” by Brokerages

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

AFN has been the subject of a number of analyst reports. Royal Bank of Canada reduced their price target on Ag Growth International from C$80.00 to C$75.00 in a research report on Thursday, November 7th. CIBC decreased their target price on shares of Ag Growth International from C$72.00 to C$61.00 in a research note on Tuesday. Raymond James dropped their price target on shares of Ag Growth International from C$62.00 to C$52.00 in a research report on Tuesday. TD Securities decreased their price objective on shares of Ag Growth International from C$73.00 to C$57.00 and set a “buy” rating on the stock in a research report on Tuesday. Finally, ATB Capital downgraded shares of Ag Growth International from an “outperform” rating to a “sector perform” rating and dropped their target price for the stock from C$79.00 to C$63.00 in a report on Tuesday.

Ag Growth International Trading Down 4.3 %

TSE:AFN opened at C$39.78 on Thursday. Ag Growth International has a one year low of C$39.69 and a one year high of C$64.51. The business has a fifty day moving average price of C$51.55 and a 200-day moving average price of C$52.70. The firm has a market capitalization of C$758.60 million, a price-to-earnings ratio of 26.17, a price-to-earnings-growth ratio of 1.30 and a beta of 2.29. The company has a debt-to-equity ratio of 298.35, a current ratio of 1.49 and a quick ratio of 0.84.

Ag Growth International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Wednesday, January 15th were issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.51%. The ex-dividend date was Tuesday, December 31st. 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.