Raymond James Issues Pessimistic Forecast for Ag Growth International (TSE:AFN) Stock Price

Ag Growth International (TSE:AFN) had its target price trimmed by Raymond James from C$62.00 to C$52.00 in a research note published on Tuesday,BayStreet.CA reports.

Several other analysts have also weighed in on the stock. CIBC boosted their target price on shares of Ag Growth International from C$70.00 to C$72.00 and gave the company an “outperform” rating in a research note on Thursday, December 12th. Royal Bank of Canada decreased their price target on shares of Ag Growth International from C$80.00 to C$75.00 in a report on Thursday, November 7th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of C$67.25.

Ag Growth International Price Performance

Shares of AFN opened at C$41.56 on Tuesday. Ag Growth International has a 52 week low of C$39.80 and a 52 week high of C$64.51. The company has a current ratio of 1.49, a quick ratio of 0.84 and a debt-to-equity ratio of 298.35. The firm has a market cap of C$792.55 million, a price-to-earnings ratio of 27.34, a PEG ratio of 1.30 and a beta of 2.29. The stock has a 50 day moving average of C$51.72 and a 200-day moving average of C$52.78.

Ag Growth International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Wednesday, January 15th will be issued a $0.15 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.44%. Ag Growth International’s dividend payout ratio (DPR) is presently 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.