Ag Growth International (TSE:AFN) Price Target Lowered to C$57.00 at TD Securities

Ag Growth International (TSE:AFN - Free Report) had its price target decreased by TD Securities from C$73.00 to C$57.00 in a report released on Tuesday morning,BayStreet.CA reports. TD Securities currently has a buy rating on the stock.

Several other equities research analysts have also recently commented on AFN. Raymond James lowered their target price on Ag Growth International from C$62.00 to C$52.00 in a research note on Tuesday. CIBC lowered their price objective on Ag Growth International from C$72.00 to C$61.00 in a research report on Tuesday. Finally, Royal Bank of Canada cut their target price on shares of Ag Growth International from C$80.00 to C$75.00 in a research report on Thursday, November 7th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of C$67.25.

Ag Growth International Price Performance

TSE AFN traded up C$0.27 during trading hours on Tuesday, reaching C$41.56. 173,671 shares of the company's stock were exchanged, compared to its average volume of 136,547. The firm has a fifty day moving average of C$51.72 and a 200-day moving average of C$52.78. Ag Growth International has a one year low of C$39.80 and a one year high of C$64.51. The stock has a market cap of C$792.55 million, a PE ratio of 27.34, a price-to-earnings-growth ratio of 1.30 and a beta of 2.29. The company has a current ratio of 1.49, a quick ratio of 0.84 and a debt-to-equity ratio of 298.35.

Ag Growth International Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Wednesday, January 15th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.60 dividend on an annualized basis and a yield of 1.44%. Ag Growth International's dividend payout ratio is 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.