Brokerages Set Ag Growth International Inc. (TSE:AFN) Price Target at C$78.22

Shares of Ag Growth International Inc. (TSE:AFN) have received a consensus recommendation of “Buy” from the eight research firms that are presently covering the company, Marketbeat reports. Eight equities research analysts have rated the stock with a buy recommendation. The average 1-year target price among analysts that have covered the stock in the last year is C$78.22.

A number of analysts recently weighed in on AFN shares. Desjardins cut their price target on shares of Ag Growth International from C$86.00 to C$78.00 and set a “buy” rating on the stock in a research report on Wednesday, May 1st. ATB Capital decreased their price target on shares of Ag Growth International from C$85.00 to C$81.00 and set an “outperform” rating for the company in a report on Tuesday, April 30th. National Bankshares dropped their price objective on Ag Growth International from C$82.00 to C$77.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 1st. Finally, Scotiabank decreased their target price on Ag Growth International from C$88.00 to C$75.00 and set an “outperform” rating for the company in a research note on Wednesday, May 1st.

Ag Growth International Price Performance

AFN opened at C$56.97 on Thursday. The company has a fifty day moving average price of C$52.30 and a two-hundred day moving average price of C$55.70. The firm has a market capitalization of C$1.09 billion, a PE ratio of 20.94, a P/E/G ratio of 1.30 and a beta of 2.37. 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 286.90, a quick ratio of 0.84 and a current ratio of 1.26.

Ag Growth International (TSE:AFN) last released its quarterly earnings data on Monday, April 29th. The company reported C$0.39 EPS for the quarter, missing analysts’ consensus estimates of C$0.73 by C($0.34). Ag Growth International had a net margin of 3.64% and a return on equity of 17.89%. The company had revenue of C$314.60 million during the quarter, compared to the consensus estimate of C$360.57 million. As a group, analysts anticipate that Ag Growth International will post 6.069281 earnings per share for the current year.

Ag Growth International Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Friday, June 28th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.05%. The ex-dividend date was Friday, June 28th. Ag Growth International’s dividend payout ratio (DPR) is currently 22.06%.

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.