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

Shares of Ag Growth International Inc. (TSE:AFN - Get Free Report) have been given an average recommendation of "Moderate Buy" by the nine analysts that are currently covering the company, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is C$60.38.

A number of equities research analysts have recently commented on AFN shares. National Bankshares dropped their target price on Ag Growth International from C$67.00 to C$55.00 and set an "outperform" rating on the stock in a research report on Thursday, January 30th. Royal Bank of Canada lowered shares of Ag Growth International from an "outperform" rating to a "sector perform" rating and decreased their price target for the company from C$75.00 to C$45.00 in a research note on Thursday, January 30th. CIBC decreased their price target on shares of Ag Growth International from C$61.00 to C$58.00 in a research note on Thursday, January 30th. ATB Capital lowered shares of Ag Growth International from an "outperform" rating to a "sector perform" rating and decreased their price target for the company from C$79.00 to C$63.00 in a research note on Tuesday, January 14th. Finally, TD Securities decreased their price target on shares of Ag Growth International from C$73.00 to C$57.00 and set a "buy" rating on the stock in a research note on Tuesday, January 14th.

Ag Growth International Price Performance

Shares of TSE:AFN traded down C$0.55 during trading on Monday, reaching C$37.71. 128,405 shares of the company's stock traded hands, compared to its average volume of 116,272. Ag Growth International has a fifty-two week low of C$36.23 and a fifty-two week high of C$64.51. The company has a quick ratio of 0.84, a current ratio of 1.41 and a debt-to-equity ratio of 277.31. The firm has a market cap of C$720.74 million, a PE ratio of 30.11, a P/E/G ratio of 1.30 and a beta of 2.29. The company has a 50-day simple moving average of C$45.61 and a 200-day simple moving average of C$50.50.

Ag Growth International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Wednesday, January 15th were paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 1.59%. The ex-dividend date was Tuesday, December 31st. Ag Growth International's dividend payout ratio (DPR) is 47.90%.

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.