Ag Growth International Inc. (TSE:AFN) Given Average Rating of “Moderate Buy” by Analysts

Shares of Ag Growth International Inc. (TSE:AFN) have earned a consensus recommendation of “Moderate Buy” from the eight research firms that are presently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is C$74.63.

Several equities analysts have recently commented on the company. CIBC increased their target price on 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. Raymond James downgraded shares of Ag Growth International from an “outperform” rating to a “market perform” rating and reduced their price objective for the company from C$72.00 to C$62.00 in a research note on Friday, October 18th. Finally, Royal Bank of Canada dropped their target price on shares of Ag Growth International from C$80.00 to C$75.00 in a research report on Thursday, November 7th.

Ag Growth International Trading Down 0.2 %

TSE:AFN opened at C$51.53 on Friday. Ag Growth International has a one year low of C$45.96 and a one year high of C$64.51. The business’s 50-day simple moving average is C$51.72 and its 200 day simple moving average is C$52.95. 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 stock has a market cap of C$982.68 million, a price-to-earnings ratio of 33.90, 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 will be paid on Wednesday, January 15th. Investors of record on Wednesday, January 15th will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.60 annualized dividend and a yield of 1.16%. Ag Growth International’s dividend payout ratio (DPR) is 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.