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

Shares of Ag Growth International Inc. (TSE:AFN) have received an average rating of “Moderate Buy” from the nine brokerages that are currently covering the stock, Marketbeat reports. Four research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12 month price target among analysts that have covered the stock in the last year is C$59.25.

Several equities analysts recently commented on the stock. Royal Bank of Canada lowered shares of Ag Growth International from an “outperform” rating to a “sector perform” rating and decreased their price objective for the company from C$75.00 to C$45.00 in a research report on Thursday, January 30th. Atb Cap Markets downgraded Ag Growth International from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 14th. ATB Capital downgraded Ag Growth International from an “outperform” rating to a “sector perform” rating and dropped their price target for the company from C$79.00 to C$63.00 in a research note on Tuesday, January 14th. Raymond James decreased their target price on Ag Growth International from C$62.00 to C$52.00 in a report on Tuesday, January 14th. Finally, CIBC reduced their price target on shares of Ag Growth International from C$61.00 to C$58.00 in a research report on Thursday, January 30th.

Ag Growth International Price Performance

AFN opened at C$35.20 on Friday. The business has a fifty day moving average of C$41.04 and a 200 day moving average of C$48.67. The stock has a market cap of C$672.77 million, a P/E ratio of 28.10, a PEG ratio of 1.30 and a beta of 2.29. The company has a quick ratio of 0.84, a current ratio of 1.41 and a debt-to-equity ratio of 277.31. Ag Growth International has a 52-week low of C$31.60 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. Investors of record on Wednesday, January 15th were paid a $0.15 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $0.60 annualized dividend and a dividend yield of 1.70%. Ag Growth International’s dividend payout ratio is presently 47.90%.

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.