Ag Growth International Inc. (TSE:AFN) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Ag Growth International Inc. (TSE:AFN) have received a consensus recommendation of “Moderate Buy” from the nine research firms that are presently covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is C$67.25.

A number of research firms have commented on AFN. CIBC decreased their price target on Ag Growth International from C$72.00 to C$61.00 in a report on Tuesday, January 14th. Royal Bank of Canada cut their target price on shares of Ag Growth International from C$80.00 to C$75.00 in a report on Thursday, November 7th. TD Securities reduced their price objective 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. Raymond James reduced their target price on shares of Ag Growth International from C$62.00 to C$52.00 in a research note on Tuesday, January 14th. Finally, Atb Cap Markets lowered Ag Growth International from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 14th.

Ag Growth International Trading Up 1.6 %

Shares of AFN stock opened at C$41.37 on Thursday. Ag Growth International has a 1 year low of C$38.62 and a 1 year high of C$64.51. The firm has a fifty day moving average price of C$50.55 and a 200-day moving average price of C$52.35. The company has a market cap of C$788.93 million, a price-to-earnings ratio of 27.22, a PEG ratio of 1.30 and a beta of 2.29. The company has a debt-to-equity ratio of 298.35, a current ratio of 1.49 and a quick ratio of 0.84.

Ag Growth International Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Wednesday, January 15th were paid a $0.15 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.60 dividend on an annualized basis and a yield of 1.45%. Ag Growth International’s dividend payout ratio (DPR) 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.