Ag Growth International Inc. (TSE:AFN) Receives C$75.67 Average Target Price from Analysts

Shares of Ag Growth International Inc. (TSE:AFN) have received an average recommendation of “Moderate Buy” from the eight brokerages that are presently covering the stock, Marketbeat reports. One research analyst has rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is C$75.67.

Several analysts have recently issued reports on AFN shares. TD Securities reduced their price objective on 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. CIBC reduced their price objective on shares of Ag Growth International from C$78.00 to C$75.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 16th. Finally, Raymond James downgraded Ag Growth International from an “outperform” rating to a “market perform” rating and cut their price target for the company from C$72.00 to C$62.00 in a report on Friday, October 18th.

Ag Growth International Stock Up 1.9 %

Shares of TSE AFN opened at C$50.81 on Friday. The firm’s 50-day moving average is C$52.77 and its two-hundred day moving average is C$52.78. The company has a market capitalization of C$968.95 million, a PE ratio of 33.43, a price-to-earnings-growth ratio of 1.30 and a beta of 2.29. Ag Growth International has a 12-month low of C$45.96 and a 12-month high of C$64.51. The company has a debt-to-equity ratio of 298.35, a current ratio of 1.49 and a quick ratio of 0.84.

Ag Growth International (TSE:AFN) last posted its earnings results on Wednesday, August 7th. The company reported C$1.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$1.67 by C($0.25). The company had revenue of C$351.78 million during the quarter, compared to analysts’ expectations of C$397.51 million. Ag Growth International had a net margin of 2.13% and a return on equity of 10.35%. Equities analysts anticipate that Ag Growth International will post 6.5761006 EPS for the current fiscal year.

Ag Growth International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Friday, September 27th were given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.18%. The ex-dividend date was Friday, September 27th. Ag Growth International’s dividend payout ratio (DPR) is currently 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.