Ag Growth International (TSE:AFN) Shares Down 11.2%

Ag Growth International Inc. (TSE:AFN)’s share price fell 11.2% during mid-day trading on Tuesday . The company traded as low as C$52.82 and last traded at C$54.51. 84,338 shares traded hands during mid-day trading, an increase of 113% from the average session volume of 39,672 shares. The stock had previously closed at C$61.39.

Wall Street Analyst Weigh In

AFN has been the subject of a number of recent analyst reports. CIBC upped 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. Desjardins boosted their price target on Ag Growth International from C$82.00 to C$85.00 and gave the company a “buy” rating in a report on Thursday, March 7th. Raymond James lifted their price objective on Ag Growth International from C$64.00 to C$72.00 and gave the stock an “outperform” rating in a research report on Thursday, March 7th. Royal Bank of Canada increased their price target on shares of Ag Growth International from C$75.00 to C$80.00 and gave the stock an “outperform” rating in a research note on Friday, March 8th. Finally, Scotiabank upped their price objective on shares of Ag Growth International from C$83.00 to C$88.00 and gave the stock an “outperform” rating in a report on Thursday, March 7th. Eight equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of C$81.44.

Ag Growth International Stock Down 11.9 %

The company has a quick ratio of 0.84, a current ratio of 1.21 and a debt-to-equity ratio of 285.22. The company has a 50 day simple moving average of C$60.80 and a two-hundred day simple moving average of C$55.35. The company has a market capitalization of C$1.03 billion, a P/E ratio of 15.76, a PEG ratio of 1.30 and a beta of 2.32.

Ag Growth International (TSE:AFN) last announced its quarterly earnings data 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. The business had revenue of C$379.32 million during the quarter, compared to the consensus estimate of C$414.68 million. Ag Growth International had a net margin of 4.51% and a return on equity of 23.61%. As a group, equities analysts predict that Ag Growth International Inc. will post 5.9042146 EPS for the current year.

Ag Growth International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were paid a $0.15 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.60 annualized dividend and a yield of 1.11%. Ag Growth International’s dividend payout ratio (DPR) is currently 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.