Ag Growth International (TSE:AFN – Free Report) had its price target reduced by Scotiabank from C$88.00 to C$75.00 in a research report report published on Wednesday, BayStreet.CA reports. They currently have an outperform rating on the stock.
A number of other research analysts have also recently weighed in on AFN. Desjardins lifted their target price on shares of Ag Growth International from C$82.00 to C$85.00 and gave the company a buy rating in a research note on Thursday, March 7th. Raymond James lifted their price target on shares of Ag Growth International from C$64.00 to C$72.00 and gave the company an outperform rating in a report on Thursday, March 7th. CIBC lifted their price target on shares of Ag Growth International from C$78.00 to C$82.00 and gave the company an outperform rating in a report on Thursday, March 7th. TD Securities lifted their price target on shares of Ag Growth International from C$75.00 to C$83.00 and gave the company a buy rating in a report on Thursday, March 7th. Finally, National Bankshares lifted their price target on shares of Ag Growth International from C$75.00 to C$82.00 and gave the company an outperform rating in a report on Thursday, March 7th. Eight equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, Ag Growth International presently has an average rating of Buy and a consensus price target of C$78.22.
Read Our Latest Analysis on AFN
Ag Growth International Stock Down 4.7 %
Ag Growth International (TSE:AFN – Get Free Report) last released its earnings results on Tuesday, March 5th. The company reported C$1.70 earnings per share for the quarter, beating analysts’ consensus estimates of C$1.08 by C$0.62. Ag Growth International had a net margin of 4.51% and a return on equity of 23.61%. The company had revenue of C$379.32 million for the quarter, compared to analysts’ expectations of C$414.68 million. On average, sell-side analysts forecast that Ag Growth International will post 5.9042146 earnings per share for the current fiscal year.
Ag Growth International Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were issued a $0.15 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.19%. Ag Growth International’s dividend payout ratio (DPR) is presently 17.44%.
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.
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