TD Securities Cuts Ag Growth International (TSE:AFN) Price Target to C$57.00

Ag Growth International (TSE:AFN) had its price target decreased by TD Securities from C$73.00 to C$57.00 in a report released on Tuesday morning,BayStreet.CA reports. TD Securities currently has a buy rating on the stock.

Several other equities research analysts have also issued reports on the stock. CIBC dropped their price objective on shares of Ag Growth International from C$72.00 to C$61.00 in a research report on Tuesday. Raymond James decreased their price target on shares of Ag Growth International from C$62.00 to C$52.00 in a research report on Tuesday. Finally, Royal Bank of Canada cut their price objective on Ag Growth International from C$80.00 to C$75.00 in a research report on Thursday, November 7th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, Ag Growth International presently has a consensus rating of “Moderate Buy” and a consensus price target of C$67.25.

Ag Growth International Stock Down 2.1 %

AFN opened at C$38.96 on Tuesday. Ag Growth International has a 1 year low of C$38.93 and a 1 year high of C$64.51. The firm has a 50 day moving average price of C$51.28 and a 200 day moving average price of C$52.61. The company has a debt-to-equity ratio of 298.35, a quick ratio of 0.84 and a current ratio of 1.49. The company has a market cap of C$742.97 million, a PE ratio of 25.63, a price-to-earnings-growth ratio of 1.30 and a beta of 2.29.

Ag Growth International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Wednesday, January 15th were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.54%. The ex-dividend date of this dividend was Tuesday, December 31st. 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.