Cormark Cuts Earnings Estimates for Ag Growth International

Ag Growth International Inc. (TSE:AFN) – Investment analysts at Cormark decreased their FY2026 earnings per share estimates for shares of Ag Growth International in a research note issued to investors on Monday, March 10th. Cormark analyst K. Mcphee now anticipates that the company will post earnings of $6.04 per share for the year, down from their previous estimate of $6.06. The consensus estimate for Ag Growth International’s current full-year earnings is $6.58 per share.

Other equities research analysts have also issued reports about the company. Royal Bank of Canada dropped their price target on Ag Growth International from C$45.00 to C$40.00 and set a “sector perform” rating for the company in a research report on Friday, March 7th. TD Securities dropped their price target on Ag Growth International from C$48.00 to C$46.00 and set a “buy” rating for the company in a research report on Tuesday. Atb Cap Markets lowered Ag Growth International from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 14th. ATB Capital lowered their price objective on Ag Growth International from C$57.00 to C$46.00 and set a “sector perform” rating for the company in a research report on Friday, March 7th. Finally, CIBC lowered their price objective on Ag Growth International from C$56.00 to C$48.00 and set an “outperform” rating for the company in a research report on Friday, March 7th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of C$50.25.

Ag Growth International Price Performance

AFN stock opened at C$36.17 on Wednesday. The company has a debt-to-equity ratio of 277.31, a current ratio of 1.41 and a quick ratio of 0.84. The business has a 50 day simple moving average of C$39.56 and a 200-day simple moving average of C$48.01. The firm has a market capitalization of C$691.31 million, a PE ratio of 28.88, a price-to-earnings-growth ratio of 1.30 and a beta of 2.29. Ag Growth International has a 1 year low of C$31.60 and a 1 year high of C$64.31.

Insiders Place Their Bets

In other news, Director Janet Giesselman purchased 6,000 shares of the firm’s stock in a transaction on Friday, March 7th. The shares were bought at an average cost of C$36.35 per share, for a total transaction of C$218,076.00. Also, Director Anne De Greef-Safft purchased 2,000 shares of the firm’s stock in a transaction on Wednesday, March 12th. The shares were purchased at an average price of C$36.99 per share, for a total transaction of C$73,985.00. Insiders have bought 12,000 shares of company stock worth $436,101 over the last ninety days. Corporate insiders own 1.06% of the company’s stock.

Ag Growth International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Wednesday, January 15th were paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.66%. The ex-dividend date of this dividend was Tuesday, December 31st. Ag Growth International’s dividend payout ratio (DPR) is 47.90%.

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.