CIBC Cuts Ag Growth International (TSE:AFN) Price Target to C$61.00

Ag Growth International (TSE:AFN) had its price target decreased by CIBC from C$72.00 to C$61.00 in a report published on Tuesday,BayStreet.CA reports.

Other research analysts also recently issued reports about the company. Royal Bank of Canada cut their price objective on Ag Growth International from C$80.00 to C$75.00 in a research note on Thursday, November 7th. Raymond James lowered their target price on shares of Ag Growth International from C$62.00 to C$52.00 in a research note on Tuesday. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of C$67.25.

Ag Growth International Stock Down 2.1 %

Shares of Ag Growth International stock opened at C$38.96 on Tuesday. The company has a market cap of C$742.97 million, a price-to-earnings ratio of 25.63, a price-to-earnings-growth ratio of 1.30 and a beta of 2.29. Ag Growth International has a twelve month low of C$38.93 and a twelve month 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 company’s 50 day moving average is C$51.28 and its 200 day moving average is C$52.61.

Ag Growth International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Wednesday, January 15th were issued a $0.15 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.54%. Ag Growth International’s dividend payout ratio (DPR) is presently 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.