Ag Growth International Inc. (TSE:AFN) Receives C$67.25 Average Price Target from Brokerages

Ag Growth International Inc. (TSE:AFN - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the nine analysts that are currently covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is C$67.25.

A number of equities research analysts have recently issued reports on the stock. TD Securities cut their price objective on shares of Ag Growth International from C$73.00 to C$57.00 and set a "buy" rating for the company in a research note on Tuesday. Atb Cap Markets lowered shares of Ag Growth International from a "strong-buy" rating to a "hold" rating in a research report on Tuesday. ATB Capital downgraded Ag Growth International from an "outperform" rating to a "sector perform" rating and decreased their price objective for the stock from C$79.00 to C$63.00 in a report on Tuesday. Raymond James lowered their target price on Ag Growth International from C$62.00 to C$52.00 in a research note on Tuesday. Finally, Royal Bank of Canada reduced their price target on Ag Growth International from C$80.00 to C$75.00 in a research report on Thursday, November 7th.

Ag Growth International Price Performance

AFN traded down C$0.82 during midday trading on Thursday, hitting C$38.96. The stock had a trading volume of 127,829 shares, compared to its average volume of 139,809. Ag Growth International has a 1 year low of C$38.93 and a 1 year high of C$64.51. 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 business has a fifty day moving average of C$51.28 and a 200 day moving average of C$52.61. The company has a market cap of C$742.97 million, a P/E ratio of 25.63, a price-to-earnings-growth ratio of 1.30 and a beta of 2.29.

Ag Growth International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Wednesday, January 15th were given 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 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.