Brokerages Set Ag Growth International Inc. (TSE:AFN) Target Price at C$60.38

Shares of Ag Growth International Inc. (TSE:AFN) have been assigned a consensus recommendation of “Moderate Buy” from the nine ratings firms that are currently covering the company, MarketBeat.com reports. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is C$60.38.

Several analysts recently weighed in on the company. Atb Cap Markets downgraded Ag Growth International from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 14th. Raymond James dropped their target price on shares of Ag Growth International from C$62.00 to C$52.00 in a report on Tuesday, January 14th. ATB Capital lowered shares of Ag Growth International from an “outperform” rating to a “sector perform” rating and decreased their price target for the company from C$79.00 to C$63.00 in a report on Tuesday, January 14th. CIBC lowered their price objective on shares of Ag Growth International from C$61.00 to C$58.00 in a research report on Thursday, January 30th. Finally, National Bankshares cut their target price on shares of Ag Growth International from C$67.00 to C$55.00 and set an “outperform” rating on the stock in a research report on Thursday, January 30th.

Ag Growth International Stock Up 0.7 %

TSE AFN opened at C$38.26 on Monday. The business has a fifty day moving average price of C$45.94 and a two-hundred day moving average price of C$50.59. The stock has a market capitalization of C$729.62 million, a PE ratio of 25.17, a PEG ratio of 1.30 and a beta of 2.29. Ag Growth International has a fifty-two week low of C$36.23 and a fifty-two week high of C$64.51. The company has a debt-to-equity ratio of 298.35, a current ratio of 1.49 and a quick ratio of 0.84.

Ag Growth International Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Wednesday, January 15th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.60 annualized dividend and a yield of 1.57%. Ag Growth International’s dividend payout ratio is presently 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.