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

Ag Growth International Inc. (TSE:AFN) has earned a consensus rating of “Moderate Buy” from the eight ratings firms that are currently covering the stock, Marketbeat reports. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is C$74.63.

Several equities research analysts have recently issued reports on the stock. CIBC increased their price objective on shares of Ag Growth International from C$70.00 to C$72.00 and gave the stock an “outperform” rating in a research report on Thursday, December 12th. Royal Bank of Canada cut their price objective on Ag Growth International from C$80.00 to C$75.00 in a research note on Thursday, November 7th. Finally, Raymond James lowered shares of Ag Growth International from an “outperform” rating to a “market perform” rating and decreased their price target for the company from C$72.00 to C$62.00 in a report on Friday, October 18th.

Ag Growth International Trading Up 0.2 %

AFN stock opened at C$51.63 on Friday. The company has a market cap of C$984.58 million, a price-to-earnings ratio of 33.97, a PEG ratio of 1.30 and a beta of 2.29. Ag Growth International has a 52 week low of C$45.96 and a 52 week high of C$64.51. 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 business has a fifty day simple moving average of C$51.64 and a 200-day simple moving average of C$52.94.

Ag Growth International Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Wednesday, January 15th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.16%. The ex-dividend date of this dividend is Tuesday, December 31st. Ag Growth International’s payout ratio 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.