Analysts Set Ag Growth International Inc. (TSE:AFN) Target Price at C$74.38

Ag Growth International Inc. (TSE:AFN) has been given a consensus rating of “Moderate Buy” by the eight analysts that are presently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is C$74.38.

AFN has been the subject of several recent research reports. TD Securities dropped their price target on shares of 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 cut Ag Growth International from an “outperform” rating to a “market perform” rating and dropped their target price for the stock from C$72.00 to C$62.00 in a report on Friday, October 18th. 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. Finally, Royal Bank of Canada dropped their price objective on Ag Growth International from C$80.00 to C$75.00 in a research note on Thursday, November 7th.

Ag Growth International Trading Up 2.5 %

Shares of AFN stock opened at C$52.76 on Wednesday. The firm has a fifty day moving average of C$51.88 and a 200-day moving average of C$52.49. The stock has a market cap of C$1.01 billion, a price-to-earnings ratio of 34.71, a P/E/G ratio of 1.30 and a beta of 2.29. Ag Growth International has a 52-week low of C$45.96 and a 52-week high of C$64.51. The company has a debt-to-equity ratio of 298.35, a quick ratio of 0.84 and a current ratio of 1.49.

Ag Growth International Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Friday, September 27th were given a $0.15 dividend. The ex-dividend date was Friday, September 27th. This represents a $0.60 annualized dividend and a yield of 1.14%. Ag Growth International’s payout ratio is 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.