Ag Growth International (TSE:AFN) Hits New 52-Week Low – What’s Next?

Ag Growth International Inc. (TSE:AFN) shares reached a new 52-week low on Wednesday . The company traded as low as C$36.04 and last traded at C$36.13, with a volume of 2037 shares. The stock had previously closed at C$36.68.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. TD Securities lowered their price target on Ag Growth International from C$73.00 to C$57.00 and set a “buy” rating for the company in a research note on Tuesday, January 14th. ATB Capital cut shares of Ag Growth International from an “outperform” rating to a “sector perform” rating and reduced their target price for the company from C$79.00 to C$63.00 in a research note on Tuesday, January 14th. Royal Bank of Canada lowered shares of Ag Growth International from an “outperform” rating to a “sector perform” rating and dropped their price target for the stock from C$75.00 to C$45.00 in a research note on Thursday, January 30th. CIBC cut their price target on shares of Ag Growth International from C$61.00 to C$58.00 in a report on Thursday, January 30th. Finally, National Bankshares decreased their price objective on shares of Ag Growth International from C$67.00 to C$55.00 and set an “outperform” rating for the company in a report on Thursday, January 30th. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, Ag Growth International currently has an average rating of “Moderate Buy” and an average price target of C$60.38.

Ag Growth International Stock Down 1.6 %

The stock has a market cap of C$695.32 million, a P/E ratio of 29.05, a P/E/G 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’s fifty day moving average is C$43.98 and its 200 day moving average is C$49.85.

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 paid a dividend of $0.15 per share. The ex-dividend date was Tuesday, December 31st. This represents a $0.60 annualized dividend and a yield of 1.65%. Ag Growth International’s payout ratio is 47.90%.

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.