Ag Growth International Inc. (TSE:AFN) Receives C$67.25 Consensus Price Target from Analysts

Ag Growth International Inc. (TSE:AFN) has received a consensus recommendation of “Moderate Buy” from the nine ratings firms that are covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is C$67.25.

A number of equities analysts have commented on AFN shares. Raymond James reduced their target price on Ag Growth International from C$62.00 to C$52.00 in a report on Tuesday, January 14th. ATB Capital downgraded Ag Growth International from an “outperform” rating to a “sector perform” rating and reduced their price objective for the company from C$79.00 to C$63.00 in a research note on Tuesday, January 14th. TD Securities lowered their target price 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 note on Tuesday, January 14th. 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 report on Thursday, November 7th. Finally, CIBC decreased their price target on shares of Ag Growth International from C$72.00 to C$61.00 in a research note on Tuesday, January 14th.

Ag Growth International Stock Up 4.5 %

AFN stock opened at C$40.70 on Thursday. Ag Growth International has a 52 week low of C$38.62 and a 52 week high of C$64.51. 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 50-day simple moving average of C$50.77 and a 200-day simple moving average of C$52.43. The stock has a market capitalization of C$776.15 million, a P/E ratio of 26.78, a P/E/G ratio of 1.30 and a beta of 2.29.

Ag Growth International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Wednesday, January 15th were given a dividend of $0.15 per share. The ex-dividend date was Tuesday, December 31st. This represents a $0.60 annualized dividend and a dividend yield of 1.47%. Ag Growth International’s payout ratio is 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.