Analysts Set Ag Growth International Inc. (TSE:AFN) PT at C$78.22

Shares of Ag Growth International Inc. (TSE:AFN) have been assigned a consensus recommendation of “Buy” from the eight ratings firms that are currently covering the company, Marketbeat.com reports. Eight research analysts have rated the stock with a buy recommendation. The average twelve-month price objective among analysts that have covered the stock in the last year is C$78.22.

A number of research analysts have recently commented on AFN shares. National Bankshares dropped their price objective on shares of Ag Growth International from C$82.00 to C$77.00 and set an “outperform” rating for the company in a research note on Wednesday, May 1st. Desjardins dropped their price objective on shares of Ag Growth International from C$86.00 to C$78.00 and set a “buy” rating for the company in a research note on Wednesday, May 1st. ATB Capital decreased their target price on Ag Growth International from C$85.00 to C$81.00 and set an “outperform” rating for the company in a report on Tuesday, April 30th. Finally, Scotiabank decreased their target price on Ag Growth International from C$88.00 to C$75.00 and set an “outperform” rating for the company in a report on Wednesday, May 1st.

Ag Growth International Trading Down 2.3 %

TSE AFN opened at C$56.42 on Thursday. Ag Growth International has a 12 month low of C$45.96 and a 12 month high of C$64.51. The company has a 50-day moving average of C$51.91 and a 200-day moving average of C$55.66. The company has a debt-to-equity ratio of 286.90, a current ratio of 1.26 and a quick ratio of 0.84. The company has a market cap of C$1.08 billion, a P/E ratio of 20.74, a P/E/G ratio of 1.30 and a beta of 2.37.

Ag Growth International (TSE:AFN) last posted its quarterly earnings data on Monday, April 29th. The company reported C$0.39 EPS for the quarter, missing analysts’ consensus estimates of C$0.73 by C($0.34). Ag Growth International had a net margin of 3.64% and a return on equity of 17.89%. The company had revenue of C$314.60 million for the quarter, compared to analyst estimates of C$360.57 million. As a group, equities analysts predict that Ag Growth International will post 6.069281 earnings per share for the current year.

Ag Growth International Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Friday, June 28th were issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 1.06%. The ex-dividend date of this dividend was Friday, June 28th. Ag Growth International’s dividend payout ratio is presently 22.06%.

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.