Ag Growth International (TSE:AFN) Trading Down 11.2%

Ag Growth International Inc. (TSE:AFN)’s stock price dropped 11.2% during trading on Tuesday . The company traded as low as C$52.82 and last traded at C$54.51. Approximately 84,338 shares traded hands during mid-day trading, an increase of 113% from the average daily volume of 39,672 shares. The stock had previously closed at C$61.39.

Analysts Set New Price Targets

Several equities analysts recently issued reports on AFN shares. Raymond James boosted their price target on Ag Growth International from C$64.00 to C$72.00 and gave the company an “outperform” rating in a research report on Thursday, March 7th. ATB Capital lifted their price objective on Ag Growth International from C$81.00 to C$85.00 and gave the stock an “outperform” rating in a report on Thursday, March 7th. Royal Bank of Canada upped their target price on Ag Growth International from C$75.00 to C$80.00 and gave the company an “outperform” rating in a report on Friday, March 8th. Desjardins lifted their price target on Ag Growth International from C$82.00 to C$85.00 and gave the stock a “buy” rating in a research note on Thursday, March 7th. Finally, TD Securities increased their price objective on shares of Ag Growth International from C$75.00 to C$83.00 and gave the company a “buy” rating in a research note on Thursday, March 7th. Eight research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of C$81.44.

Ag Growth International Stock Performance

The stock’s 50 day moving average price is C$60.80 and its 200 day moving average price is C$55.35. The company has a current ratio of 1.21, a quick ratio of 0.84 and a debt-to-equity ratio of 285.22. The firm has a market cap of C$1.03 billion, a PE ratio of 15.76, a P/E/G ratio of 1.30 and a beta of 2.32.

Ag Growth International (TSE:AFN) last announced its earnings results on Tuesday, March 5th. The company reported C$1.70 EPS for the quarter, beating the consensus estimate of C$1.08 by C$0.62. The business had revenue of C$379.32 million for the quarter, compared to the consensus estimate of C$414.68 million. Ag Growth International had a return on equity of 23.61% and a net margin of 4.51%. As a group, equities analysts forecast that Ag Growth International Inc. 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. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.11%. The ex-dividend date was Wednesday, March 27th. Ag Growth International’s payout ratio 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.