Analysts Set Ag Growth International Inc. (TSE:AFN) PT at C$75.67

Ag Growth International Inc. (TSE:AFN - Get Free Report) has received an average recommendation of "Moderate Buy" from the eight brokerages that are presently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is C$75.67.

A number of brokerages have commented on AFN. Raymond James cut shares of Ag Growth International from an "outperform" rating to a "market perform" rating and reduced their target price for the company from C$72.00 to C$62.00 in a report on Friday, October 18th. TD Securities reduced their target price on shares of Ag Growth International from C$79.00 to C$77.00 and set a "buy" rating for the company in a report on Monday, August 12th. Finally, CIBC reduced their target price on shares of Ag Growth International from C$78.00 to C$75.00 and set an "outperform" rating for the company in a report on Wednesday, October 16th.

Ag Growth International Stock Up 1.0 %

Ag Growth International stock traded up C$0.51 during trading hours on Friday, hitting C$49.87. The stock had a trading volume of 142,874 shares, compared to its average volume of 62,575. The company has a quick ratio of 0.84, a current ratio of 1.49 and a debt-to-equity ratio of 298.35. The stock's 50-day moving average price is C$52.77 and its 200-day moving average price is C$52.89. Ag Growth International has a 12-month low of C$45.96 and a 12-month high of C$64.51. The stock has a market capitalization of C$951.02 million, a P/E ratio of 32.81, a price-to-earnings-growth ratio of 1.30 and a beta of 2.29.

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). Ag Growth International had a net margin of 2.13% and a return on equity of 10.35%. The company had revenue of C$351.78 million for the quarter, compared to analysts' expectations of C$397.51 million. Equities research analysts anticipate that Ag Growth International will post 6.5761006 EPS for the current fiscal year.

Ag Growth International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Friday, September 27th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, September 27th. This represents a $0.60 annualized dividend and a yield of 1.20%. Ag Growth International's dividend payout ratio (DPR) is currently 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.