Ag Growth International Inc. (TSE:AFN) Given Consensus Rating of "Moderate Buy" by Analysts

Ag Growth International Inc. (TSE:AFN - Get Free Report) has received an average rating of "Moderate Buy" from the eight brokerages that are covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is C$74.38.

Several research firms have recently issued reports on AFN. Raymond James lowered Ag Growth International from an "outperform" rating to a "market perform" rating and lowered their price objective for the company from C$72.00 to C$62.00 in a research note on Friday, October 18th. Royal Bank of Canada lowered their price target on Ag Growth International from C$80.00 to C$75.00 in a research report on Thursday, November 7th. TD Securities reduced their target price 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 note on Monday, August 12th. Finally, CIBC lowered their target price on shares of Ag Growth International from C$75.00 to C$70.00 in a report on Thursday, November 7th.

Ag Growth International Stock Down 2.7 %

Shares of TSE:AFN opened at C$51.98 on Wednesday. The company has a market cap of C$991.26 million, a price-to-earnings ratio of 34.20, a PEG 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 current ratio of 1.49, a quick ratio of 0.84 and a debt-to-equity ratio of 298.35. The company has a 50-day moving average price of C$52.08 and a 200 day moving average price of C$52.41.

Ag Growth International Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Friday, September 27th were given a $0.15 dividend. The ex-dividend date was Friday, September 27th. This represents a $0.60 annualized dividend and a yield of 1.15%. Ag Growth International's dividend payout ratio (DPR) 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.