Cormark Has Strong Forecast for TSE:AFN FY2026 Earnings

Ag Growth International Inc. (TSE:AFN) – Equities research analysts at Cormark boosted their FY2026 earnings per share estimates for Ag Growth International in a research report issued to clients and investors on Wednesday, May 7th. Cormark analyst K. Mcphee now expects that the company will post earnings of $6.38 per share for the year, up from their prior forecast of $6.04. The consensus estimate for Ag Growth International’s current full-year earnings is $6.58 per share. Cormark also issued estimates for Ag Growth International’s FY2027 earnings at $6.93 EPS.

Other analysts have also recently issued reports about the stock. National Bankshares increased their price target on shares of Ag Growth International from C$49.00 to C$51.00 and gave the company an “outperform” rating in a research note on Wednesday. Royal Bank of Canada raised Ag Growth International from a “sector perform” rating to an “outperform” rating and lifted their target price for the company from C$40.00 to C$50.00 in a research note on Thursday. Desjardins boosted their target price on Ag Growth International from C$46.00 to C$47.00 and gave the stock a “buy” rating in a research report on Wednesday. CIBC decreased their price target on Ag Growth International from C$52.00 to C$49.00 and set an “outperform” rating on the stock in a report on Wednesday. Finally, ATB Capital dropped their price objective on Ag Growth International from C$46.00 to C$43.00 and set a “sector perform” rating for the company in a report on Wednesday. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of C$47.86.

Ag Growth International Trading Up 1.0 %

AFN opened at C$38.72 on Friday. Ag Growth International has a 1-year low of C$30.81 and a 1-year high of C$58.14. The stock has a market capitalization of C$740.04 million, a PE ratio of 30.91, a PEG ratio of 1.30 and a beta of 2.29. The company has a current ratio of 1.41, a quick ratio of 0.84 and a debt-to-equity ratio of 277.31. The firm has a 50-day moving average price of C$34.19 and a two-hundred day moving average price of C$42.11.

Ag Growth International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Tuesday, April 15th were paid a $0.15 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.60 annualized dividend and a yield of 1.55%. Ag Growth International’s dividend payout ratio (DPR) is currently 47.90%.

Insider Buying and Selling

In other Ag Growth International news, Director Janet Giesselman bought 6,000 shares of the firm’s stock in a transaction on Friday, March 7th. The shares were purchased at an average price of C$36.35 per share, for a total transaction of C$218,076.00. Also, Director Anne De Greef-Safft purchased 2,000 shares of the company’s stock in a transaction dated Wednesday, March 12th. The stock was acquired at an average price of C$36.99 per share, with a total value of C$73,985.00. Over the last 90 days, insiders acquired 12,000 shares of company stock worth $436,101. Company insiders own 1.06% of the company’s stock.

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.