ATB Capital Lowers Ag Growth International (TSE:AFN) Price Target to C$81.00

Ag Growth International (TSE:AFN) had its price target trimmed by ATB Capital from C$85.00 to C$81.00 in a research note released on Tuesday, BayStreet.CA reports. They currently have an outperform rating on the stock.

Several other equities research analysts have also recently commented on AFN. Royal Bank of Canada increased their price objective on Ag Growth International from C$75.00 to C$80.00 and gave the company an outperform rating in a research report on Friday, March 8th. National Bankshares increased their price objective on shares of Ag Growth International from C$75.00 to C$82.00 and gave the company an outperform rating in a research report on Thursday, March 7th. TD Securities lifted their target price on shares of Ag Growth International from C$75.00 to C$83.00 and gave the stock a buy rating in a research report on Thursday, March 7th. Raymond James boosted their target price on shares of Ag Growth International from C$64.00 to C$72.00 and gave the company an outperform rating in a research note on Thursday, March 7th. Finally, CIBC raised their price target 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. Eight investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of Buy and an average price target of C$78.22.

Ag Growth International Stock Up 0.4 %

Shares of Ag Growth International stock opened at C$50.07 on Tuesday. The company has a 50-day simple moving average of C$60.49 and a two-hundred day simple moving average of C$55.28. Ag Growth International has a 52-week low of C$47.07 and a 52-week high of C$64.51. The company has a debt-to-equity ratio of 285.22, a quick ratio of 0.84 and a current ratio of 1.21. The stock has a market capitalization of C$951.83 million, a PE ratio of 14.49, a price-to-earnings-growth ratio of 1.30 and a beta of 2.32.

Ag Growth International (TSE:AFN) last announced its quarterly earnings data on Tuesday, March 5th. The company reported C$1.70 earnings per share for the quarter, topping analysts’ consensus estimates 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 company had revenue of C$379.32 million during the quarter, compared to analyst estimates of C$414.68 million. On average, analysts anticipate that Ag Growth International will post 5.9042146 EPS for the current fiscal year.

Ag Growth International Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors 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 yield of 1.20%. Ag Growth International’s dividend payout ratio (DPR) is presently 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.