Brokers Issue Forecasts for TSE:AFN FY2024 Earnings

Ag Growth International Inc. (TSE:AFN) – Investment analysts at National Bank Financial upped their FY2024 earnings per share estimates for shares of Ag Growth International in a research report issued on Wednesday, November 6th. National Bank Financial analyst M. Sytchev now expects that the company will post earnings per share of $4.81 for the year, up from their previous estimate of $4.69. The consensus estimate for Ag Growth International’s current full-year earnings is $6.58 per share. National Bank Financial also issued estimates for Ag Growth International’s Q4 2024 earnings at $1.74 EPS and FY2025 earnings at $4.39 EPS.

A number of other research analysts have also issued reports on the stock. Royal Bank of Canada reduced their target price on shares of Ag Growth International from C$80.00 to C$75.00 in a research note on Thursday, November 7th. CIBC lowered their target price on shares of Ag Growth International from C$75.00 to C$70.00 in a research note on Thursday, November 7th. Raymond James cut Ag Growth International from an “outperform” rating to a “market perform” rating and dropped their target price for the stock from C$72.00 to C$62.00 in a report on Friday, October 18th. Finally, TD Securities decreased their target price on Ag Growth International from C$79.00 to C$77.00 and set a “buy” rating for the company in a research note on Monday, August 12th. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of C$74.38.

Ag Growth International Price Performance

Shares of AFN opened at C$52.38 on Monday. Ag Growth International has a 12 month low of C$45.96 and a 12 month high of C$64.51. The company has a market cap of C$998.89 million, a P/E ratio of 34.46, a PEG 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. The stock has a fifty day moving average price of C$52.33 and a 200 day moving average price of C$52.40.

Ag Growth International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Friday, September 27th were issued a dividend of $0.15 per share. The ex-dividend date was Friday, September 27th. This represents a $0.60 annualized dividend and a yield of 1.15%. Ag Growth International’s payout ratio 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.