Ag Growth International (TSE:AFN) Hits New 12-Month Low – Here’s Why

Ag Growth International Inc. (TSE:AFN)’s share price reached a new 52-week low during mid-day trading on Monday . The company traded as low as C$36.50 and last traded at C$36.89, with a volume of 24973 shares trading hands. The stock had previously closed at C$39.23.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Royal Bank of Canada downgraded shares of Ag Growth International from an “outperform” rating to a “sector perform” rating and reduced their target price for the stock from C$75.00 to C$45.00 in a report on Thursday, January 30th. TD Securities decreased their price objective on Ag Growth International from C$73.00 to C$57.00 and set a “buy” rating on the stock in a research report on Tuesday, January 14th. CIBC dropped their target price on Ag Growth International from C$61.00 to C$58.00 in a report on Thursday, January 30th. Atb Cap Markets lowered Ag Growth International from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 14th. Finally, ATB Capital lowered shares of Ag Growth International from an “outperform” rating to a “sector perform” rating and dropped their price objective for the stock from C$79.00 to C$63.00 in a research note on Tuesday, January 14th. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of C$60.38.

Ag Growth International Trading Up 0.2 %

The stock has a market capitalization of C$719.32 million, a P/E ratio of 24.82, a PEG ratio of 1.30 and a beta of 2.29. The stock’s fifty day moving average price is C$47.69 and its 200 day moving average price is C$51.28. 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 (TSE:AFN) last issued its earnings results on Tuesday, November 5th. The company reported C$1.26 EPS for the quarter, missing analysts’ consensus estimates of C$1.66 by C($0.40). Ag Growth International had a return on equity of 10.35% and a net margin of 2.13%. During the same quarter in the prior year, the company earned $1.62 earnings per share. Research analysts forecast that Ag Growth International Inc. will post 6.5761006 earnings per share for the current year.

Ag Growth International Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Wednesday, January 15th were issued 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 1.59%. Ag Growth International’s payout ratio is currently 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.