Ag Growth International (AFN) Rating Reiterated by National Bank Financial

National Bank Financial reaffirmed their outperform rating on shares of Ag Growth International (TSE:AFN) in a report issued on Friday. The firm currently has a C$71.00 target price on the stock.

AFN has been the subject of a number of other research reports. Royal Bank of Canada increased their price target on shares of Ag Growth International from C$65.00 to C$70.00 and gave the stock an outperform rating in a research note on Friday, August 10th. TD Securities increased their price target on shares of Ag Growth International from C$73.00 to C$80.00 and gave the stock an action list buy rating in a research note on Friday, August 10th. Raymond James increased their price target on shares of Ag Growth International from C$60.00 to C$65.00 and gave the stock an outperform rating in a research note on Monday, August 13th. Finally, Cormark reiterated a buy rating and set a C$75.00 price target on shares of Ag Growth International in a research note on Monday, August 27th. Six research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Ag Growth International presently has an average rating of Buy and a consensus price target of C$69.44.

TSE:AFN traded up C$1.11 during trading hours on Friday, reaching C$57.13. 53,500 shares of the company’s stock were exchanged, compared to its average volume of 37,355. Ag Growth International has a 1-year low of C$47.08 and a 1-year high of C$64.72.



Ag Growth International (TSE:AFN) last issued its quarterly earnings results on Thursday, August 9th. The company reported C$1.21 earnings per share for the quarter, topping the Zacks’ consensus estimate of C$0.95 by C$0.26. The firm had revenue of C$262.65 million during the quarter, compared to analysts’ expectations of C$249.60 million. Ag Growth International had a net margin of 7.54% and a return on equity of 20.81%.

The company also recently disclosed a monthly dividend, which will be paid on Thursday, November 15th. Shareholders of record on Thursday, November 15th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Tuesday, October 30th. This represents a $2.40 dividend on an annualized basis and a yield of 4.20%.

In other Ag Growth International news, Director Gary Keith Anderson sold 10,600 shares of the company’s stock in a transaction on Wednesday, September 12th. The shares were sold at an average price of C$63.72, for a total transaction of C$675,432.00.

Ag Growth International Company Profile

Ag Growth International Inc, together with its subsidiaries, manufactures and distributes grain handling, storage, and conditioning equipment in Canada, the United States, and internationally. The company offers portable handling equipment, such as portable augers, portable belt conveyors, grainvacs, and storm seed treaters; and permanent handling equipment, including TA tapered auger vertical blend systems, high-tonnage conveying systems, distributors, bulk weigh hoppers, enclosed belt conveyors, bucket elevators, rail and truck probes, VIS micro dosing systems, chain conveyors, truss and towers, screw feeders and conveyors, and spout and connections.

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Analyst Recommendations for Ag Growth International (TSE:AFN)

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