Ag Growth International Inc. (TSE:AFN) Receives Consensus Rating of “Buy” from Brokerages

Ag Growth International Inc. (TSE:AFN) has received an average recommendation of “Buy” from the eight brokerages that are covering the stock, MarketBeat Ratings reports. Eight analysts have rated the stock with a buy recommendation. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is C$77.56.

Several analysts have recently commented on the stock. ATB Capital lowered their target price on shares of Ag Growth International from C$85.00 to C$81.00 and set an “outperform” rating for the company in a report on Tuesday, April 30th. National Bankshares lowered their price objective on shares of Ag Growth International from C$82.00 to C$77.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 1st. Desjardins lowered their price objective on shares of Ag Growth International from C$86.00 to C$78.00 and set a “buy” rating on the stock in a research report on Wednesday, May 1st. Scotiabank lowered their price objective on shares of Ag Growth International from C$88.00 to C$75.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 1st. Finally, TD Securities lowered their price objective on shares of Ag Growth International from C$79.00 to C$77.00 and set a “buy” rating on the stock in a research report on Monday, August 12th.

Ag Growth International Trading Down 1.3 %

TSE:AFN opened at C$55.04 on Monday. The firm’s fifty day moving average is C$53.30 and its 200-day moving average is C$55.48. The company has a debt-to-equity ratio of 298.35, a quick ratio of 0.84 and a current ratio of 1.49. Ag Growth International has a 52 week low of C$45.96 and a 52 week high of C$64.51. The firm has a market cap of C$1.05 billion, a P/E ratio of 36.21, a P/E/G ratio of 1.30 and a beta of 2.37.

Ag Growth International Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Friday, June 28th were issued a dividend of $0.15 per share. The ex-dividend date was Friday, June 28th. This represents a $0.60 dividend on an annualized basis and a yield of 1.09%. Ag Growth International’s dividend payout ratio is currently 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.