Ag Growth International Inc. (TSE:AFN) Given Consensus Rating of “Buy” by Brokerages

Ag Growth International Inc. (TSE:AFN) has received a consensus rating of “Buy” from the eight ratings firms that are presently covering the company, MarketBeat reports. Eight equities research analysts have rated the stock with a buy recommendation. The average 1-year target price among brokers that have issued a report on the stock in the last year is C$78.22.

AFN has been the subject of a number of recent research reports. Desjardins decreased their target price on Ag Growth International from C$86.00 to C$78.00 and set a “buy” rating for the company in a research report on Wednesday, May 1st. Royal Bank of Canada raised their target price on Ag Growth International from C$75.00 to C$80.00 and gave the stock an “outperform” rating in a research report on Friday, March 8th. Raymond James raised their target price on Ag Growth International from C$64.00 to C$72.00 and gave the stock an “outperform” rating in a research report on Thursday, March 7th. National Bankshares decreased their target price on Ag Growth International from C$82.00 to C$77.00 and set an “outperform” rating for the company in a research report on Wednesday, May 1st. Finally, 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 report on Thursday, March 7th.

Ag Growth International Stock Performance

Shares of AFN opened at C$52.69 on Friday. The company has a current ratio of 1.26, a quick ratio of 0.84 and a debt-to-equity ratio of 286.90. The company has a market capitalization of C$1.00 billion, a price-to-earnings ratio of 19.37, a PEG ratio of 1.30 and a beta of 2.37. The stock has a 50 day moving average of C$50.67 and a 200 day moving average of C$55.27. Ag Growth International has a 12 month low of C$45.96 and a 12 month high of C$64.51.

Ag Growth International (TSE:AFN) last issued its quarterly earnings results on Monday, April 29th. The company reported C$0.39 EPS for the quarter, missing analysts’ consensus estimates of C$0.73 by C($0.34). The business had revenue of C$314.60 million for the quarter, compared to analysts’ expectations of C$360.57 million. Ag Growth International had a net margin of 3.64% and a return on equity of 17.89%. As a group, sell-side analysts forecast that Ag Growth International will post 6.069281 earnings per share for the current year.

Ag Growth International Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.14%. The ex-dividend date is Friday, June 28th. Ag Growth International’s dividend payout ratio (DPR) is presently 22.06%.

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.