Ag Growth International Inc. (TSE:AFN) Receives C$74.38 Consensus Target Price from Analysts

Shares of Ag Growth International Inc. (TSE:AFN) have earned a consensus rating of “Moderate Buy” from the eight brokerages that are currently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is C$74.38.

Several analysts have recently commented on the company. Raymond James cut Ag Growth International from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from C$72.00 to C$62.00 in a research report on Friday, October 18th. Royal Bank of Canada lowered their target price on Ag Growth International from C$80.00 to C$75.00 in a research note on Thursday, November 7th. CIBC dropped their target price on Ag Growth International from C$75.00 to C$70.00 in a report on Thursday, November 7th. Finally, TD Securities decreased their price target on shares of Ag Growth International from C$79.00 to C$77.00 and set a “buy” rating for the company in a report on Monday, August 12th.

Ag Growth International Stock Performance

AFN opened at C$52.76 on Wednesday. The company has a quick ratio of 0.84, a current ratio of 1.49 and a debt-to-equity ratio of 298.35. The firm has a market cap of C$1.01 billion, a PE ratio of 34.71, a P/E/G ratio of 1.30 and a beta of 2.29. The business has a fifty day simple moving average of C$51.88 and a 200-day simple moving average of C$52.49. Ag Growth International has a fifty-two week low of C$45.96 and a fifty-two week high of C$64.51.

Ag Growth International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Friday, September 27th were paid 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 1.14%. 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.