Ag Growth International (TSE:AFN) Price Target Cut to C$75.00 by Analysts at Royal Bank of Canada

Ag Growth International (TSE:AFN) had its price target decreased by Royal Bank of Canada from C$80.00 to C$75.00 in a report issued on Thursday,BayStreet.CA reports.

Several other research analysts have also recently weighed in on the company. CIBC lowered their target price on Ag Growth International from C$78.00 to C$75.00 and set an “outperform” rating on the stock in a report on Wednesday, October 16th. Raymond James lowered Ag Growth International from an “outperform” rating to a “market perform” rating and reduced their price target for the stock from C$72.00 to C$62.00 in a report on Friday, October 18th. Finally, TD Securities reduced their target price on shares of Ag Growth International from C$79.00 to C$77.00 and set a “buy” rating on the stock in a research note on Monday, August 12th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$74.56.

Ag Growth International Stock Performance

Shares of Ag Growth International stock traded down C$0.11 during trading on Thursday, hitting C$52.52. 21,446 shares of the company’s stock were exchanged, compared to its average volume of 64,496. The business has a 50-day simple moving average of C$52.47 and a 200-day simple moving average of C$52.64. The stock has a market capitalization of C$1.00 billion, a price-to-earnings ratio of 34.63, a PEG 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 (TSE:AFN) last announced its quarterly earnings results on Wednesday, August 7th. The company reported C$1.42 earnings per share for the quarter, missing the consensus estimate of C$1.67 by C($0.25). The company had revenue of C$351.78 million for the quarter, compared to analysts’ expectations of C$397.51 million. Ag Growth International had a net margin of 2.13% and a return on equity of 10.35%. On average, research analysts forecast that Ag Growth International will post 6.5761006 EPS for the current year.

Ag Growth International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Friday, September 27th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.14%. The ex-dividend date was Friday, September 27th. Ag Growth International’s payout ratio is 39.47%.

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.