National Bankshares Lowers Ag Growth International (TSE:AFN) Price Target to C$55.00

Ag Growth International (TSE:AFN - Free Report) had its price target trimmed by National Bankshares from C$67.00 to C$55.00 in a research report report published on Thursday morning,BayStreet.CA reports. The brokerage currently has an outperform rating on the stock.

A number of other equities research analysts also recently weighed in on AFN. CIBC lowered their price target on Ag Growth International from C$61.00 to C$58.00 in a report on Thursday. Royal Bank of Canada lowered shares of Ag Growth International from an "outperform" rating to a "sector perform" rating and lowered their target price for the company from C$75.00 to C$45.00 in a research note on Thursday. Atb Cap Markets downgraded shares of Ag Growth International from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, January 14th. TD Securities dropped their price objective 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. Finally, Raymond James decreased their target price on Ag Growth International from C$62.00 to C$52.00 in a research note on Tuesday, January 14th. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of C$60.38.

Ag Growth International Stock Down 4.2 %

Ag Growth International stock traded down C$1.64 during midday trading on Thursday, hitting C$37.59. 303,695 shares of the company were exchanged, compared to its average volume of 118,684. The company has a market cap of C$716.84 million, a PE ratio of 24.73, a price-to-earnings-growth ratio of 1.30 and a beta of 2.29. 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's fifty day moving average price is C$48.29 and its 200-day moving average price is C$51.50. 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 - Get Free Report) last released its earnings results on Tuesday, November 5th. The company reported C$1.26 EPS for the quarter, missing the consensus estimate of C$1.66 by C($0.40). Ag Growth International had a net margin of 2.13% and a return on equity of 10.35%. During the same period in the previous year, the firm earned $1.62 EPS. On average, research analysts predict that Ag Growth International will post 6.5761006 EPS for the current fiscal year.

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 dividend of $0.15 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.60 annualized dividend and a dividend yield of 1.60%. Ag Growth International's dividend payout ratio is presently 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.