Ag Growth International (TSE:AFN) Price Target Cut to C$61.00 by Analysts at CIBC

Ag Growth International (TSE:AFN) had its price target trimmed by CIBC from C$72.00 to C$61.00 in a report published on Tuesday,BayStreet.CA reports.

A number of other analysts have also recently weighed in on AFN. Raymond James reduced their price objective on shares of Ag Growth International from C$62.00 to C$52.00 in a research note on Tuesday. Royal Bank of Canada dropped their target price on shares of Ag Growth International from C$80.00 to C$75.00 in a report on Thursday, November 7th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, Ag Growth International currently has a consensus rating of “Moderate Buy” and an average price target of C$67.25.

Ag Growth International Stock Up 0.7 %

Shares of AFN stock opened at C$41.56 on Tuesday. The stock’s 50 day simple moving average is C$51.72 and its 200 day simple moving average is C$52.78. Ag Growth International has a twelve month low of C$39.80 and a twelve month high of C$64.51. 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 company has a market capitalization of C$792.55 million, a price-to-earnings ratio of 27.34, a PEG ratio of 1.30 and a beta of 2.29.

Ag Growth International Announces Dividend

The business also recently announced 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. This represents a $0.60 annualized dividend and a yield of 1.44%. 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.