Ag Growth International Inc. (TSE:AFN) Receives C$81.44 Average Target Price from Analysts

Shares of Ag Growth International Inc. (TSE:AFN) have been given an average recommendation of “Buy” by the eight ratings firms that are presently covering the company, MarketBeat.com reports. Eight analysts have rated the stock with a buy recommendation. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is C$81.44.

Several analysts recently issued reports on AFN shares. CIBC raised their target price on Ag Growth International from C$78.00 to C$82.00 and gave the stock an “outperform” rating in a research note on Thursday, March 7th. Royal Bank of Canada boosted their target price on Ag Growth International from C$75.00 to C$80.00 and gave the company an “outperform” rating in a research note on Friday, March 8th. ATB Capital raised their price target on Ag Growth International from C$81.00 to C$85.00 and gave the stock an “outperform” rating in a research note on Thursday, March 7th. Desjardins upped their price objective on shares of Ag Growth International from C$82.00 to C$85.00 and gave the stock a “buy” rating in a report on Thursday, March 7th. Finally, National Bankshares lifted their target price on shares of Ag Growth International from C$75.00 to C$82.00 and gave the company an “outperform” rating in a research note on Thursday, March 7th.

Ag Growth International Stock Performance

TSE:AFN opened at C$60.76 on Tuesday. Ag Growth International has a 1-year low of C$47.07 and a 1-year high of C$64.51. The company has a debt-to-equity ratio of 285.22, a current ratio of 1.21 and a quick ratio of 0.84. The business has a 50 day moving average of C$60.33 and a 200 day moving average of C$54.92. The company has a market capitalization of C$1.16 billion, a price-to-earnings ratio of 17.66, a PEG ratio of 1.30 and a beta of 2.32.

Ag Growth International (TSE:AFN) last posted its quarterly earnings results on Tuesday, March 5th. The company reported C$1.70 earnings per share (EPS) for the quarter, beating the consensus estimate of C$1.08 by C$0.62. Ag Growth International had a net margin of 4.51% and a return on equity of 23.61%. The business had revenue of C$379.32 million during the quarter, compared to analyst estimates of C$414.68 million. On average, sell-side analysts predict that Ag Growth International will post 5.9042146 earnings per share for the current fiscal year.

Ag Growth International Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were given a dividend of $0.15 per share. The ex-dividend date was Wednesday, March 27th. This represents a $0.60 annualized dividend and a dividend yield of 0.99%. Ag Growth International’s dividend payout ratio (DPR) is 17.44%.

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.