Ag Growth International (TSE:AFN) Price Target Lowered to C$78.00 at Desjardins

Ag Growth International (TSE:AFN) had its price objective trimmed by Desjardins from C$86.00 to C$78.00 in a research report sent to investors on Wednesday, BayStreet.CA reports. The firm currently has a buy rating on the stock.

A number of other equities analysts also recently weighed in on the company. CIBC boosted their price target on Ag Growth International from C$78.00 to C$82.00 and gave the stock an outperform rating in a research report on Thursday, March 7th. ATB Capital lowered their price target on Ag Growth International from C$85.00 to C$81.00 and set an outperform rating on the stock in a research report on Tuesday. Royal Bank of Canada boosted their price target on Ag Growth International from C$75.00 to C$80.00 and gave the stock an outperform rating in a research report on Friday, March 8th. TD Securities boosted their price target on Ag Growth International from C$75.00 to C$83.00 and gave the stock a buy rating in a research report on Thursday, March 7th. Finally, National Bankshares boosted their price target on Ag Growth International from C$75.00 to C$82.00 and gave the stock an outperform rating in a research report on Thursday, March 7th. Eight equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has an average rating of Buy and an average target price of C$78.22.

Ag Growth International Stock Performance

AFN opened at C$50.50 on Wednesday. Ag Growth International has a 52-week low of C$47.07 and a 52-week high of C$64.51. The firm has a market capitalization of C$960.01 million, a PE ratio of 14.68, a PEG ratio of 1.30 and a beta of 2.32. The company has a debt-to-equity ratio of 285.22, a quick ratio of 0.84 and a current ratio of 1.21. The business’s 50-day simple moving average is C$60.75 and its 200 day simple moving average is C$55.35.

Ag Growth International (TSE:AFN) last released its earnings results on Tuesday, March 5th. The company reported C$1.70 earnings per share (EPS) for the quarter, topping the consensus estimate of C$1.08 by C$0.62. Ag Growth International had a return on equity of 23.61% and a net margin of 4.51%. The business had revenue of C$379.32 million for the quarter, compared to analyst estimates of C$414.68 million. As a group, sell-side analysts expect that Ag Growth International will post 5.9042146 earnings per share for the current fiscal year.

Ag Growth International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.19%. The ex-dividend date was Wednesday, March 27th. Ag Growth International’s payout ratio is 17.44%.

About Ag Growth International

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.