TD Securities Issues Pessimistic Forecast for Ag Growth International (TSE:AFN) Stock Price

Ag Growth International (TSE:AFN) had its price objective decreased by TD Securities from C$73.00 to C$57.00 in a report released on Tuesday,BayStreet.CA reports. TD Securities currently has a buy rating on the stock.

A number of other research firms also recently issued reports on AFN. Raymond James decreased their price objective on Ag Growth International from C$62.00 to C$52.00 in a report on Tuesday. CIBC decreased their price target on shares of Ag Growth International from C$72.00 to C$61.00 in a research note on Tuesday. Finally, Royal Bank of Canada cut their price objective on shares of Ag Growth International from C$80.00 to C$75.00 in a research report on Thursday, November 7th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of C$67.25.

Ag Growth International Price Performance

Shares of TSE AFN opened at C$41.56 on Tuesday. The company has a fifty day moving average price of C$51.72 and a 200 day moving average price of C$52.78. Ag Growth International has a 1-year low of C$39.80 and a 1-year high of C$64.51. The firm has a market cap of C$792.55 million, a PE ratio of 27.34, a PEG ratio of 1.30 and a beta of 2.29. The company has a current ratio of 1.49, a quick ratio of 0.84 and a debt-to-equity ratio of 298.35.

Ag Growth International Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Wednesday, January 15th will be paid a $0.15 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $0.60 annualized dividend and a dividend yield of 1.44%. Ag Growth International’s dividend payout ratio is presently 39.47%.

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.