Ag Growth International (TSE:AFN) Price Target Lowered to C$52.00 at Raymond James

Ag Growth International (TSE:AFN - Free Report) had its target price decreased by Raymond James from C$62.00 to C$52.00 in a report issued on Tuesday morning,BayStreet.CA reports.

Several other equities analysts have also recently issued reports on AFN. CIBC boosted their price objective on shares of Ag Growth International from C$70.00 to C$72.00 and gave the company an "outperform" rating in a research note on Thursday, December 12th. Royal Bank of Canada cut their price target on shares of Ag Growth International from C$80.00 to C$75.00 in a report on Thursday, November 7th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, Ag Growth International has an average rating of "Moderate Buy" and an average target price of C$67.25.

Ag Growth International Stock Performance

Ag Growth International stock traded up C$0.27 during mid-day trading on Tuesday, reaching C$41.56. 173,671 shares of the company were exchanged, compared to its average volume of 136,547. The firm's 50-day simple moving average is C$51.72 and its two-hundred day simple moving average is C$52.78. Ag Growth International has a twelve month low of C$39.80 and a twelve month high of C$64.51. The firm 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 debt-to-equity ratio of 298.35, a quick ratio of 0.84 and a current ratio of 1.49.

Ag Growth International Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Wednesday, January 15th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.44%. The ex-dividend date is Tuesday, December 31st. Ag Growth International's dividend payout ratio is currently 39.47%.

About Ag Growth International

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.