Ag Growth International Inc. (TSE:AFN - Get Free Report)'s share price reached a new 52-week low during trading on Monday . The company traded as low as C$38.80 and last traded at C$38.85, with a volume of 104632 shares trading hands. The stock had previously closed at C$39.83.
Analysts Set New Price Targets
Several brokerages have commented on AFN. Royal Bank of Canada downgraded Ag Growth International from a "moderate buy" rating to a "hold" rating in a report on Thursday. CIBC dropped their price target on shares of Ag Growth International from C$72.00 to C$61.00 in a research report on Tuesday, January 14th. ATB Capital lowered shares of Ag Growth International from an "outperform" rating to a "sector perform" rating and lowered their target price for the stock from C$79.00 to C$63.00 in a research note on Tuesday, January 14th. Raymond James reduced their price target on Ag Growth International from C$62.00 to C$52.00 in a report on Tuesday, January 14th. Finally, TD Securities dropped their price objective on Ag Growth International from C$73.00 to C$57.00 and set a "buy" rating on the stock in a report on Tuesday, January 14th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of C$67.25.
Check Out Our Latest Research Report on Ag Growth International
Ag Growth International Stock Performance
The firm has a 50 day moving average price of C$49.66 and a 200-day moving average price of C$52.04. The company has a debt-to-equity ratio of 298.35, a current ratio of 1.49 and a quick ratio of 0.84. The firm has a market capitalization of C$740.87 million, a price-to-earnings ratio of 25.56, a PEG ratio of 1.30 and a beta of 2.29.
Ag Growth International (TSE:AFN - Get Free Report) last issued its quarterly earnings data on Tuesday, November 5th. The company reported C$1.26 earnings per share for the quarter, missing analysts' consensus estimates 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 posted $1.62 earnings per share. As a group, sell-side analysts expect that Ag Growth International Inc. will post 6.5761006 earnings per share for the current fiscal year.
Ag Growth International Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Wednesday, January 15th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.54%. The ex-dividend date was Tuesday, December 31st. Ag Growth International's dividend payout ratio is currently 39.47%.
Ag Growth International Company Profile
(
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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.
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