Desjardins Has Negative Estimate for TSE:AFN FY2026 Earnings

Ag Growth International Inc. (TSE:AFN - Free Report) - Desjardins dropped their FY2026 earnings per share estimates for shares of Ag Growth International in a note issued to investors on Thursday, March 6th. Desjardins analyst G. Ho now forecasts that the company will earn $4.43 per share for the year, down from their previous estimate of $4.78. Desjardins has a "Buy" rating and a $49.00 price target on the stock. The consensus estimate for Ag Growth International's current full-year earnings is $6.58 per share.

A number of other analysts have also weighed in on AFN. Atb Cap Markets lowered shares of Ag Growth International from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, January 14th. National Bankshares decreased their price target on Ag Growth International from C$55.00 to C$51.00 and set an "outperform" rating for the company in a research note on Friday, March 7th. ATB Capital reduced their target price on Ag Growth International from C$57.00 to C$46.00 and set a "sector perform" rating on the stock in a research note on Friday, March 7th. CIBC cut their price target on shares of Ag Growth International from C$56.00 to C$48.00 and set an "outperform" rating on the stock in a report on Friday, March 7th. Finally, TD Securities decreased their price objective on shares of Ag Growth International from C$48.00 to C$46.00 and set a "buy" rating for the company in a report on Tuesday. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of C$50.25.

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Ag Growth International Trading Down 1.3 %

Shares of AFN traded down C$0.48 during midday trading on Monday, hitting C$36.10. The stock had a trading volume of 77,487 shares, compared to its average volume of 116,922. Ag Growth International has a 1 year low of C$31.60 and a 1 year high of C$64.31. The company has a debt-to-equity ratio of 277.31, a current ratio of 1.41 and a quick ratio of 0.84. The stock's 50 day moving average is C$39.56 and its 200 day moving average is C$48.01. The firm has a market cap of C$689.97 million, a PE ratio of 28.82, a price-to-earnings-growth ratio of 1.30 and a beta of 2.29.

Ag Growth International Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors 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 1.66%. The ex-dividend date was Tuesday, December 31st. Ag Growth International's dividend payout ratio (DPR) is 47.90%.

Insiders Place Their Bets

In other Ag Growth International news, Director Anne De Greef-Safft bought 2,000 shares of the company's stock in a transaction that occurred on Wednesday, March 12th. The shares were purchased at an average cost of C$36.99 per share, for a total transaction of C$73,985.00. Also, Senior Officer Paul David Householder bought 4,000 shares of Ag Growth International stock in a transaction that occurred on Friday, March 7th. The shares were acquired at an average cost of C$36.01 per share, for a total transaction of C$144,040.00. Insiders purchased a total of 12,000 shares of company stock worth $436,101 over the last 90 days. Company insiders own 1.06% of the company's stock.

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.