Ag Growth International Inc. (TSE:AFN) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Ag Growth International Inc. (TSE:AFN) have received an average rating of “Moderate Buy” from the eight analysts that are currently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is C$74.38.

A number of equities analysts recently commented on AFN shares. CIBC decreased their price target on Ag Growth International from C$75.00 to C$70.00 in a research note on Thursday, November 7th. TD Securities decreased their target price on Ag Growth International from C$79.00 to C$77.00 and set a “buy” rating for the company in a research report on Monday, August 12th. Raymond James lowered Ag Growth International from an “outperform” rating to a “market perform” rating and dropped their price target for the company from C$72.00 to C$62.00 in a research report on Friday, October 18th. Finally, Royal Bank of Canada decreased their price objective on shares of Ag Growth International from C$80.00 to C$75.00 in a report on Thursday, November 7th.

Ag Growth International Price Performance

Shares of AFN stock opened at C$51.98 on Wednesday. The firm has a fifty day moving average of C$52.08 and a two-hundred day moving average of C$52.41. The firm has a market cap of C$991.26 million, a P/E ratio of 34.20, a P/E/G ratio of 1.30 and a beta of 2.29. Ag Growth International has a 1-year low of C$45.96 and a 1-year 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 business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Friday, September 27th were given a $0.15 dividend. This represents a $0.60 annualized dividend and a yield of 1.15%. The ex-dividend date of this dividend was Friday, September 27th. Ag Growth International’s dividend payout ratio is presently 39.47%.

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.