Ag Growth International Inc. (TSE:AFN) Receives Consensus Rating of "Buy" from Analysts

Ag Growth International Inc. (TSE:AFN - Get Free Report) has received an average recommendation of "Buy" from the eight analysts that are presently covering the stock, Marketbeat reports. Eight equities research analysts have rated the stock with a buy rating. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is C$77.56.

Separately, TD Securities dropped their price target on shares of Ag Growth International from C$79.00 to C$77.00 and set a "buy" rating on the stock in a research note on Monday, August 12th.

Ag Growth International Stock Down 0.2 %

Ag Growth International stock traded down C$0.10 during trading hours on Tuesday, hitting C$52.99. The company had a trading volume of 31,820 shares, compared to its average volume of 58,735. The firm has a market capitalization of C$1.01 billion, a P/E ratio of 34.86, a price-to-earnings-growth ratio of 1.30 and a beta of 2.31. 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's fifty day moving average is C$54.27 and its 200-day moving average is C$54.24. Ag Growth International has a fifty-two week low of C$45.96 and a fifty-two week high of C$64.51.

Ag Growth International (TSE:AFN - Get Free Report) last released its quarterly earnings data on Wednesday, August 7th. The company reported C$1.42 earnings per share for the quarter, missing the consensus estimate of C$1.67 by C($0.25). The company had revenue of C$351.78 million during the quarter, compared to analyst estimates of C$397.51 million. Ag Growth International had a net margin of 2.13% and a return on equity of 10.35%. On average, research analysts forecast that Ag Growth International will post 6.7153465 earnings per share for the current year.

Ag Growth International Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Friday, September 27th will be paid a $0.15 dividend. The ex-dividend date is Friday, September 27th. This represents a $0.60 dividend on an annualized basis and a yield of 1.13%. Ag Growth International's payout ratio is presently 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.