Ag Growth International (TSE:AFN) Stock Price Down 4.3% - Time to Sell?

Ag Growth International Inc. (TSE:AFN - Get Free Report) dropped 4.3% on Friday . The company traded as low as C$47.70 and last traded at C$47.85. Approximately 9,940 shares changed hands during mid-day trading, a decline of 83% from the average daily volume of 58,839 shares. The stock had previously closed at C$49.98.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. Raymond James lowered shares of Ag Growth International from an "outperform" rating to a "market perform" rating and lowered their target price for the stock from C$72.00 to C$62.00 in a research report on Friday. TD Securities reduced their price objective on Ag Growth International from C$79.00 to C$77.00 and set a "buy" rating for the company in a research note on Monday, August 12th. Finally, CIBC lowered their target price on Ag Growth International from C$78.00 to C$75.00 and set an "outperform" rating on the stock in a research note on Wednesday. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of C$75.67.

Ag Growth International Stock Down 4.2 %

The company has a debt-to-equity ratio of 298.35, a quick ratio of 0.84 and a current ratio of 1.49. The firm has a market capitalization of C$913.26 million, a price-to-earnings ratio of 31.51, a PEG ratio of 1.30 and a beta of 2.29. The firm has a fifty day moving average price of C$53.96 and a 200 day moving average price of C$53.79.

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 (EPS) for the quarter, missing the consensus estimate of C$1.67 by C($0.25). The business had revenue of C$351.78 million during the quarter, compared to analysts' expectations of C$397.51 million. Ag Growth International had a return on equity of 10.35% and a net margin of 2.13%. As a group, sell-side analysts expect that Ag Growth International Inc. will post 6.5761006 EPS for the current fiscal year.

Ag Growth International Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Friday, September 27th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date of this dividend was Friday, September 27th. 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.