Ag Growth International (TSE:AFN) Sets New 1-Year Low – Should You Sell?

Ag Growth International Inc. (TSE:AFN)’s share price reached a new 52-week low during trading on Wednesday . The stock 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

A number of research firms have recently commented on AFN. TD Securities cut their target price on Ag Growth International from C$73.00 to C$57.00 and set a “buy” rating on the stock in a research note on Tuesday, January 14th. Royal Bank of Canada downgraded shares of Ag Growth International from an “outperform” rating to a “sector perform” rating and cut their price objective for the company from C$75.00 to C$45.00 in a research report on Thursday, January 30th. Atb Cap Markets cut shares of Ag Growth International from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 14th. Raymond James cut their price target on shares of Ag Growth International from C$62.00 to C$52.00 in a report on Tuesday, January 14th. Finally, ATB Capital downgraded shares of Ag Growth International from an “outperform” rating to a “sector perform” rating and reduced their price target for the company from C$79.00 to C$63.00 in a research report on Tuesday, January 14th. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, Ag Growth International presently has a consensus rating of “Moderate Buy” and a consensus target price of C$60.38.

Ag Growth International Stock Down 0.6 %

The company has a quick ratio of 0.84, a current ratio of 1.41 and a debt-to-equity ratio of 277.31. The company has a market cap of C$697.04 million, a PE ratio of 29.12, a PEG ratio of 1.30 and a beta of 2.29. The company’s fifty day moving average is C$44.63 and its 200-day moving average is C$50.03.

Ag Growth International Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Wednesday, January 15th were issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.65%. The ex-dividend date was Tuesday, December 31st. Ag Growth International’s payout ratio is currently 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.