Ag Growth International (TSE:AFN) Reaches New 12-Month Low - Here's Why

Shares of Ag Growth International Inc. (TSE:AFN - Get Free Report) hit a new 52-week low on Monday . The company traded as low as C$36.50 and last traded at C$36.89, with a volume of 24973 shares. The stock had previously closed at C$39.23.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. TD Securities decreased 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 report on Tuesday, January 14th. CIBC cut their target price on Ag Growth International from C$61.00 to C$58.00 in a research report on Thursday, January 30th. National Bankshares lowered their price target on Ag Growth International from C$67.00 to C$55.00 and set an "outperform" rating for the company in a research report on Thursday, January 30th. ATB Capital cut Ag Growth International from an "outperform" rating to a "sector perform" rating and reduced their price objective for the stock from C$79.00 to C$63.00 in a research note on Tuesday, January 14th. Finally, Royal Bank of Canada downgraded Ag Growth International from an "outperform" rating to a "sector perform" rating and decreased their target price for the stock from C$75.00 to C$45.00 in a report on Thursday, January 30th. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of C$60.38.

Ag Growth International Trading Up 1.6 %

The firm has a market cap of C$740.87 million, a PE ratio of 25.56, a price-to-earnings-growth ratio of 1.30 and a beta of 2.29. The company has a 50-day simple moving average of C$47.43 and a 200 day simple moving average of C$51.19. 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 (TSE:AFN - Get Free Report) last released its quarterly 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 quarter last year, the business posted $1.62 EPS. As a group, sell-side analysts forecast that Ag Growth International Inc. will post 6.5761006 earnings per share for the current fiscal year.

Ag Growth International Dividend Announcement

The firm also recently announced 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. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.54%. The ex-dividend date of this dividend was Tuesday, December 31st. Ag Growth International's dividend payout ratio (DPR) 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.