Ag Growth International Inc. (TSE:AFN) Receives C$60.38 Consensus Target Price from Analysts

Ag Growth International Inc. (TSE:AFN) has received a consensus rating of “Moderate Buy” from the nine research firms that are presently covering the firm, Marketbeat.com reports. Four investment analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is C$60.38.

A number of research firms recently issued reports on AFN. CIBC lowered their target price on Ag Growth International from C$61.00 to C$58.00 in a research report on Thursday, January 30th. ATB Capital cut Ag Growth International from an “outperform” rating to a “sector perform” rating and dropped their price objective for the stock from C$79.00 to C$63.00 in a research note on Tuesday, January 14th. Raymond James cut their price objective on Ag Growth International from C$62.00 to C$52.00 in a report on Tuesday, January 14th. Atb Cap Markets downgraded shares of Ag Growth International from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 14th. Finally, TD Securities cut their price target on shares of Ag Growth International from C$73.00 to C$57.00 and set a “buy” rating for the company in a research note on Tuesday, January 14th.

Ag Growth International Stock Up 0.7 %

Shares of Ag Growth International stock opened at C$38.26 on Monday. The firm has a market cap of C$729.62 million, a PE ratio of 25.17, a P/E/G ratio of 1.30 and a beta of 2.29. The business’s 50 day simple moving average is C$45.94 and its 200 day simple moving average is C$50.59. 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 52-week low of C$36.23 and a 52-week high of C$64.51.

Ag Growth International Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Wednesday, January 15th were given a $0.15 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.57%. Ag Growth International’s payout ratio is 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.